Your clients should focus on properties with significant equity potential and work with experienced contractors to stay within budget and timeline—especially with borrowed funds on the line.Avoiding Bad Deals - Encourage them to work with experienced agents, contractors, or mentors and always run multiple scenarios, including worst-case outcomes, to stress-test their numbers.Reserves - Advise your clients to keep a reserve fund separate from their loan for emergencies, unexpected expenses, or delays.

good medical at emergency!

Once it is operating, it doesn't require a ton of time, save & except when you have an emergency come up.

Focus on analyzing properties and starting small, like house hacking or buying a single-family home to rent out rooms, while ensuring cash flow and maintaining an emergency fund.

Basically you can't have the yard be higher than 6 inches below the window sill (otherwise it would v difficult for people to exit out of this window in case of an emergency). 

Then start following the procedures for your area. 

They don't understand how to price effectively, study the market, set boundaries with tenants, establish policies and procedures, communicate, and dozens of other things.

Get on a budget, build your emergency fund, pay off all debts, save up.

Just document the current condition before the cleanup process and follow any other local law or procedure that is in your municipality. 

Apparently there was supposed to be an emergency meeting last week with all GPs and LPs but somehow I did not get the email.