Truly value add players, like flipping a home, add value to the apartment and once that equity is achieved, sell in 3-5 years and go find another one to do the same thing.  

That's how you do a safer deal than most, especially if you don't have the cash (and absolute certainty of ZBA approval) to compete with the big players who typically buy all cash and no contingencies.  

I'd say, with fix and flips, the first step in protecting yourself and your investors is to have as few investors as possible.You going to have a lot of moving parts as is so you may want to minimize the capital players as best as you can.  

There's also lots of new players wanting to flip houses, especially inexpensive ones. 

For example, If they see that the 9 ball is tucked right up against the 8 and the 4, say, in a cluster, they will take a difficult shot to shoot it clear.Lesser players will take all the easy shots and avoid the trouble 'till the end of the game when it can really make them lose everything.just thought I'd share...

Not gonna lie, a few days were extremely stressful, but now that I have been able to identify key players and processes, things are coming together.

Some of the big players will not be interested in investor deals and many have already been solicited, but the MLS will tell you who the hitters are.

These areas can be tough for new players but once you learn, you have a big advantage over those that do not understand the system.

It is a great place to start and network with some real power players here in the Los Angeles area.

It’s critical to build a community for yourself as a Note Investor.This community will serve you through time with deal flow, vendor resources, strategies, due diligence & workout support…you get the point.In my opinion a MMG needs to holds the following to be successful:1)A series of consistent meetups in-person & through video conferencing (i.e. once a month)2)Have a veteran player facilitating the call to help move the discussion along while they smell out opportunities3)Have a safe and open environment so nobody feels dumb bringing up any topic for discussion4)Synergy formation through positive discussion.This could lead to forming buying partnerships, teaming, shared resources, and a whole host of other positive moves5)NO SELLING POLICY.The MMG should not be a forum for selling products and services to each other.Any one else have any thoughts on this?