Clear communication and legal safeguards are essential for a successful partnership.

I think the biggest benefit of the AIA system really shakes out to be the effective & clear communication of the guidelines and procedures for construction management, which tend to be much more muddied in the residential world.

You said you are new to real estate investing but you have a background in residential real estate - what does the background consist of?

The BRRRR strategy is doable for a newer investor, but it requires a lot of effort, consistency, and hands-on involvement—it's not exactly a passive way to invest.Whichever route you choose, if you're taking on the bulk of the work to analyze deals and select the best ones, it’s important to ensure your partnership reflects the time and energy you’re putting in.

If you have a solid ARV AND a great GC / team that you trust to do good work, consistently, and can stick to the timeline planned, even with hard money you will still make money at 75 or 80%, albeit a little less than at 70%. 

.: @James Hamlingyep - and when a tenant stops paying the whole thing implodes. cant think of a riskier investment  IE  counting on tenants for consistent cash flow.. at least if this is BCD class rentals might work with national tenants on triple net ..

It often takes living and breathing the industry around the clock for a few years before you start seeing consistent returns.

Friends with rentals have generally indicated that the cosigner is either nowhere to be found or ignores all communication when needed.

I had tried to establish direct communication with jesse, but the GC did not want me talking to him.

This saves me a lot of communication time as I only need to respond to inquiries with cut and paste responses with the open house day/time and I only need to show the rental twice a week. 7.