How that is addressed will depend on whether this is a new venture funded with cash, an acquisition, a round of expansion funding, etc.

We are interested in going in this venture together for to purchase a multi-unit. 

And thank you again for your service; your discipline and experience will undoubtedly serve you well in this new venture.

I've never met a DIY project I couldn't accomplish (yet).I'm not really sure where to begin, but I'm thinking about asking a more experienced flipper if they would be willing to let me shadow them on a project to learn the ropes.

I am working on the feasibility of a joint venture multifamily development. 

@Titus MeisenheimerTaking your real estate investing ventures global may be both thrilling and difficult.

@Greg Friedman if you weren't moving abroad and were going to be within an hour of the property - you could easily DIY manage it.Otherwise, you will need either family & friends or a PMC to handle:1) Emergency maintenance issues2) Tenant nonpayment issues (eviction)3) Showings & maintenance when the property is vacant4) Preventive maintenance issues5) RentReady repairs between tenants

Any company insuring your properties without an inspection most likely has a clause buried deep in their policy allowing them to deny claims for conditions found on the property that do not meet their UW standards and they will deny you claim based on "the house should have not been insured with them anyway".Although the inspections can be annoying look at it from the other side.You pay them 1000 to 3000 a year to insure a rental property where they agree to pay out possibly hundreds of thousands of dollars if it burns down or up to 1 million if a tenant slips on a bananna peel and falls down the steps or the tenants dog bites someone and since you didn't enforce the tenant having their own renters policy to cover the dog bite the landlord's policy is paying out.The insurance company is very much like your rich uncle backing your business venture - you run the business, he takes on the financial risk from disasters, and doesn't even get a say in who lives in the property.Your rich uncle asking you to fix the steps, put up a handrail, etc which is in your and his best interest long term.Do you really want to rent out a property with a busted front step and a bad roof that is going to leak sooner than later?

Hi folks -I'm new to BP and real estate (but very familiar with finance and comfortable with early-stage risk in general - I come from the tech venture world).I'm considering making a small hybrid equity investment / loan to a developer building homes.

There are even some DIY units on the market which make it very use to do without an hvac tech.