Let me know if you have more questions more specific to the renovation financing, and good luck navigating this!

Having said that, I renewed my excellent tenants with increases to make sure I’m as close to market as I can be -knowing that future increases will be limited.

I know the actual cost can vary by location, property type, and provider, but I'm wondering if anyone has a solid set of rule of thumb they use when crunching numbers for a quick analysis?

The problem is you don't know if someone just made a large deposit to make them look good and then the money is gone after they move in.

I know the theory but would love a chance to meet people who have been doing this for a few years.

Flipping long distance without having solid systems and processes in place is EXTREMELY risky...as you now know.

So, when investing in areas they don’t really know, investors should research the different property Class submarkets.

My target markets are NY and CT, but I’m definitely open to expanding my horizons.Since most friends and family members are hesitant about real estate investing, I'm on the lookout for a mentor who can guide me through this journey and potentially partner with me along the way.If you have any advice or know someone who might be willing to help me get started, please let me know!

That way, you can clear up anything that might be on your credit that you don't know about, maybe increase your credit a bit, and have plenty of time to look before committing to a house. 

It's not a big hit to me if both projects go to zero, but I'd still like to know what's going on given that the group has missed two reporting periods.I know that this kind of thing has been somewhat common among syndicators in the past year or two due to financial challenges but I don't think rising interest rates should have hurt these projects much.