Assumptions: 50/50 partner who gets half of everything; 75% leveraged; 25% equity; 20-unit mom and pops.

Show the contractor that you are hands on, that you will be there when you say you will and pop in unannounced to keep them on the job.3) Regardless of the outcome, don't tell them their jobIf you don’t want to get bulldozed by a contractor, return the favor and maintain a professional relationship.

We will definitely run this by an accountant, but just wanted to float the idea by BP as it just popped into my head yesterday as a way to maximize return without getting creamed by capital gains.

If they hadn’t popped up in my feed on audible… I might not have been introduced to BP until much later.

I see that some single family homes that pop up on the MLS have converted studios in the backyard, but I'm not sure if I would be able to run plumbing to something like that to possibly convert to an "airbnb" situation. 

The taxes are low because it's in a rougher part of town and Romley St. backs up to a salvage auto yard.But as you have stated, there are still some deals that pop up here-and-there on the MLS, but a lot of them are artificially priced low in order to drive up interest and create a bidding war.

It popped up on Zillow at 9:45pm as I was laying down to sleep. 

My husband and I are “mom and pop” buy and hold investors in Louisville.

Plus you can float expenses for a couple months if you get a business credit card, so if something expensive pops up you don't have the money for today, you can still pay for it with time to get the actual money right.

It's very common for mom-and-pop investors to not keep records correctly, if at all.