That said, it's expensive to keep a license (between fees to the local association, MLS fees, etc.), so you might want to wait to do it until you need it.

If your lender is good to you always refer your friends and associates to them and tell them to get educated as that will allow them to save money.

Here are the questions I would want answers to for a condo: How much does the association have in capital reserves?

Even if only some properties sell below replacement cost, why not just buy those and eliminate the risk associated with development?

I am struggling with trying to contrast the increased effort/time associated with setting things up on your own (with the promise of securing more value) VS relying on a turnkey team and purchasing a property at list price.

As far as the monthly cost, you bring up a great point and really the reason I was curious about monthly costs associated.

In which case, should the owner decline, what recourse (if any) do I have to recoup the cost associated with said repair?

My goals for this year include greatly increasing my marketing campaign for rehabs, rehabbing 5 or more houses, rehabbing at least 1 high-end home, buying my first multi-family property as a rental, and expanding my network of associates that I do business with.I've put a lot of effort into finding a larger, high-end rehab and in 2 weeks I will be closing on my first large scale rehab.

Thus you'd need to find opportunities where promoters are willing to take the heightened risks and costs associated with raising money from accredited investors.Many test-the-waters campaigns are really designed to solicit interest from the broadest possible audience and weed out the non-accredited investors in favor of a 506(c) raise because of the way the gov-mint is designing the rules.

I've been a member of SDAR(san diego association of realtors) as well.