It hurts the tenants ability to find another rental, nobody wins, and it takes forever costing you money. 

Mind you, she used a legal aid attorney, so he didn’t cost her anything.

Whether you're curious about cost-effective renovations, navigating building codes, or optimizing a property's layout, feel free to reach out.

Quote from @Jeff Sanders: Personally coming from an agent/investor in CA, I always get a quote from a broker of mine and make sure I am knowledgeable with the fees/costs.

If loan balance is $300k and it's worth $400k and an equity partner puts $40k to bring it current then they have about 40% of equity in the property - now they would not take straight $40k as probably more costs involved.

While this structure offers great asset protection benefits, it doesn’t necessarily save money on filing fees or administrative costs.

Even with renovation costs and insurance costs the fix n flips are still making money.  

Run the comps, calculate repair costs, and plan multiple exit strategies so you maximize every deal—whether that’s wholesaling, flipping, or holding for cash flow.

Skip forming a corporation for now—it won’t protect you from personal loans, and it adds unnecessary costs.

@Cameron Porter ultimately the most important part is the ARV, inclusive of the expected rehab costs.