For any of you medium to high volume flippers, I'm curious as to how you compensate your Project Managers.

The financing is solid with high DSCR and fixed2.

Coincidentally, my co worker was conversing with me about real estate and mentioned he was also in Lifestyles but got kicked out because of a vendor issue that ended up in court.

We didn't have great chemistry, so when the lease ended and came time for a new tenant, we parted ways.

For a 10 unit I feel like your numbers are high.

It's a highly technical process cumbersome by NYC Dept. of Buildings, therefore it hard to explain what to do in a few short sentences.

I put in really high end materials on this one, brought in subs to check every single corner of the house and overall did a really good rehab (At least this was the feedback everyone left).

I do, however, highly recommend Seth Williams from R.E.

Hey Marshall,In my opinion that 8+ is way too high, I would speak to another bank or a DSCR lender.

I was doing a lot of legwork and still paying RE agent for the transactions up until got my own license.pros: no commissions in your transactionseasier qualification as real estate professional to offset high W2 of spousecan get access to any house/ easy logisticsmore control in the transactionMLS access with all the information on tip of your fingers, you can move fast with the deallicense knowledge helps to make better decisions and gives broader understanding of the industrycan legally do property management for others, wholesale (many states now making outlaw to do it without license)cons:need to take an exam (it needs preparation and to be good not just barely pass you need to study)fees you pay along the way (MLS, brokerage(I signed with investor-focused on and have a monthly fee and a transaction rate))self-management including taxes and feesneed to relicense + paid education Don't forget the biggest con.