Hi Jorge - I cant answer most of your questions but I have managed properties in the city of Philadelphia and it is its own realm in regard to the requirements and regulations. 

I would first read several books on property management (Brandon Turner from Bigger Pockets has one of the best!)

Dot plot projecting 75 bps reduction.In other word, all previous forecasting using RRP that Fed is reducing rate is ............. working perfectly.Market is also predicting it perfecly.Everyone wins except Powell because he raised the inflation too fast and he wants to print money again too fast too lolthese guys aretruly doesn't understand what they are doing.if they keep the rate at 3.75% from beginning we would see less foreclosure.

On the flip side having 2 residences in one building does bring efficiencies from a management/ownership standpoint.Finally, the payment structure you mentioned (30-40% until project completion) is fairly standard for pre-construction properties.

The roof leaks and has to be repaired by the time the rain comes and there's no heating or AC units.The partner’s focus on finishing the project to perfection rather than timely completion has further delayed progress, and our financial situation has worsened as we struggle to pay the mortgage.Given these circumstances, we’re considering selling the property.

For those actively flipping or using BRRRR, how are you managing increased labor and material costs?

I own a couple of rentals and also manage properties for other investors, so I understand how frustrating this can be.Although easier said than done, we start the eviction process as early as possible when rent is late.

Hi everyone, Just giving some official notice that Knox REIA is under new management as of 8/7/24 and we're in the process of finishing the new, updated website. 

Thank you for the input and feedback, I'll continue to further look into the numbers on the project and keep posted on any updates.

But they can be managed effectively.