🌟 Dreaming of financial freedom?

I am ready to make some changes that will be beneficial to me in my financial future. 

To assess the property's financial performance, key metrics such as Gross Rental Yield, Net Operating Income (NOI), Cap Rate, and Cash-on-Cash Return are calculated.

One might even argue you are more vulnerable going full turnkey PM as you will have zero visibility on your investment until you actually visit it since you will be at the whims of whatever the PM thinks is best for your asset.  

Compromises are made due to financial realities.  

No one can answer that because the first question all depends on how your basement is set up with agree (windows, doors, access) and what your town's regulations for legalizing a basement unit (usually way harder than anyone thinks).When you say join a JV, it would depend on your relationship and the asset and the split.

Also consider the cost and risks involved in obtaining a home equity line of credit.Evaluate your financial goals, risk tolerance, and investment strategy to make the best decision for your next investment. 

Basically, from the lender's perspective, you just need to show how the asset is going to pay back the P&I and "cash flow" somehow.

It would be walking through the whole process of finding and buying as well as setting up an LLC. 3 weekly calls for a year if wanted. 50/50 profit split up to 25k each. 

There is a lot to the processNote I am not an agent (nor would I want to be one), but there are times when you absolutely should use an experienced person to handle one of by largest financial transactions you will go through in your life