Thanks for sharing! 

Quote from @Dito Calderon: Sharing another update after the planning board meeting on April 1st.  

If you dont have a great team to work with you can lose your shirt even if the house is next door to where you live... there are lots of great areas but only a limited number of great teams so our final choice has always been team driven... saying that we look for an area where there are lots of opportunities  and rental houses available in good areas using the 2 % rule  we found this in Detroit and Toledo  more then willing to share what we do and what we have learnt over the years

@Jonathan Baptiste thanks for sharing your house hacking experience.

@Diana Teng there are a LOT of potential pitfalls:(So, it's vitaly important to not just find someone that you think you can trust because they tell you what you want to hear, but you find someone that their processes seem a good fit for what you want.EXAMPLE: we do BRRR Turnkeys for clients and take numerous vides we share with them - initial, worst state of any demo, when HVAC, plumbing, electrical update BEFORE walled in, before any major payouts and of course a final walk-thru video.One thing that's accurate from all the HGTV renovation/flip shows is that you should expect and plan for surprises!

Be upfront about your goals during interviews to find a good fit.Broker's Share of Commissions:Yes, brokers generally take a portion of any commission you earn, even if it's from a property you purchase for yourself.

Can you share some additional numbers about the investment property you're looking to buy?

These programs are called Equity Share programs.

Does it have shared systems you have to manage or separate utilities for everyone? 

I'd love to see some actual numbers for flipper's careers, and the formulas for expected returns if flippers are willing to share them.