Breaking even on your first flip isn’t a failure—it’s a valuable learning experience.

Would love to chat if you have been operating, to learn more about this category, thx!

So, part of the issue you had may just have been learning curve stuff.2.

Fail to produce K-1s in time for LP tax returns to completed on time, refuse to communicate with LPs, when LPs start to express frustration.Cheryl Cheryl, I'm sorry to hear this.Many investors learn expensive lessons with their early investments.Knowing nothing about this deal (because I didn't invest) I can already tell you the 24% projected return was a major red flag (in my opinion).

that we’ve learned in our 24 years, managing almost 700 doors across the Metro Detroit area, including almost 100 S8 leases:Class A Properties:Cashflow vs Appreciation: Typically, 3-5 years for positive cashflow, but you get highest relative rent & value appreciation.Vacancy Est: Historically 10%, 5% the more recent norm.Tenant Pool: Majority will have FICO scores of 680+ (roughly 5% probability of default), zero evictions in last 7 years.Class B Properties:Cashflow vs Appreciation: Typically, decent amount of relative rent & value appreciation.Vacancy Est: Historically 10%, 5% should be applied only if proper research done to support.Tenant Pool: Majority will have FICO scores of 620-680 (around 10% probability of default), some blemishes, but should have no evictions in last 5 yearsClass C Properties:Cashflow vs Appreciation: Typically, high cashflow and at the lower end of relative rent & value appreciation.

I am here to learn as much as I can as well as network with experienced investors.

I’d love to hear your playbooks—always looking to learn from this community!

Looking forward to sharing insights and learning from everyone!

@Dani Beit-Or If I was an LP and learned one of the GP's believed it was necessary to implement systems that required two signatures for checks/payments over $1K, my immediate thought would be: Why does the person raising capital have such little confidence in the builder/partner?

trying it as a MTR has been less that fully successful. considering pivoting to LTR> Lessons learned?