-----Just SOLD a Flip Property in April, long-story short my GC got me busted with the City and had to sink another $44k into the project so broke-even.

More specifically I am curious on differences between the two locations as well as what type of properties are recommended for someone looking to have others manage it for them.

I am interested to here from short term lenders - bridge loans etc about what software or processes you currently use to manage your loan book. 

It’s essential to evaluate whether the potential rental income aligns with your financial goals and if you can manage the ongoing expenses associated with property ownership.On the other hand, flipping a home could provide a more immediate financial return, especially with your access to a private loan and mentorship from an experienced developer.

In my experience these are the levels of how financial fraud is doneLevel 1 - The “sponsor” is a fraudster from the beginning and the entire investment is a designed fraud designed to steal the investor's money Level 2 - The sponsor initially intends to operate legally and honestly but the temptation of easy access to money, usually fueled by addictions to drugs, sex, partying, etc. leads to the bad decision to line the sponsors own pocketsLevel 3 - The sponsor intends to operate legally but a crisis in their life resulting in a need for money leads the sponsor to “borrow” from investor’s funds with the full intention of paying it back ( which they are unable to do).Level 4 - The sponsor intends to operate legally but the assets under their management incur substantial loses; the sponsor attempts to cover up these loses by “temporarily” borrowing from one investor to pay another or submitting false results.

Running the project through an LLC gives you tax flexibility, such as choosing how the income is taxed (sole proprietorship, S-Corp, etc.), and makes it easier to track and deduct business expenses.

I’ve also helped other investors with their DSCR loans and flip projects in Columbus.

Aloha Irwin,As a realtor in Honolulu area, I think if I have to rate one of the worst three projects for investments, I think "Trump Tower" would be in top 3.

The local agent that was present at the beginning of the project had gone completely silent.

If you’re working with a tax professional ask them to do a tax projection for you with one scenario assuming you sell all 5 today and the other assuming you only sold 2 today.With the tax projection you’ll now have a good estimate of what your tax situation will look like and can make decision based on that.Maybe you can consider selling your portfolio and doing an installment sale, this won’t help on the depreciation recapture but it would help spread the gain over multiple years.Each strategy has pros and cons, if you want to rip the bandaid off an be done cold turkey (or warm turkey if you’re into that) there most likely will be a large tax hit but less headache holding them longer.