Working with a reputable lender and having a solid plan for each project can significantly reduce risks.If you decide to use hard money lending, it’s important to calculate your costs and potential returns carefully and ensure that the projects you undertake align with your financial goals and risk tolerance.

I would do a quick look on Zillow (MLS in my case) and find past sales to get a rough graphical idea of where those properties are, and then I would actually walk the streets.

Check out these graphics.

As long you clearly identify and track the expense per property (and you can do that in Quicken, with properties, categories and subcategories, or in Quickbooks), you’ll not need CCs and accounts per properties.Here are some graphical diagrams to help you on this quest (or confuse you further): - Asset Protection Decision Diagram - to help assess the need for asset protection, and what to implement: https://www.biggerpockets.com/files/user/CosIorg/file/asset-protection-decision-diagram - Asset Protection Onion Diagram - what, when, and at what cost one should implement in terms of asset protection - https://www.biggerpockets.com/files/user/CosIorg/file/asset-protection-onion-diagram-v2 - What is needed for complete asset protection OR the domains that need to be intersected to find asset protection

Do you have a personal residence with enough equity to undertake a construction project of this magnitude?

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To be successful, research the market, undertake neighborhood analysis, form a local team, connect with investors, budget, acquire finance, use technology, manage risk, start small, and take a hands-off attitude.Good luck!

I'm looking to purchase another home or undertake a flip.

Additionally, if anyone can share any lenders who specialize in financing first-time flippers, I would greatly appreciate any connections or recommendations.Thank you for considering this opportunity.  250k rehab for a new investor is quite a large undertaking.

We both have degrees in graphic design and work for Universal designing theme parks (with some on-site experience for both of us).