I got sucked in spending more time on oversight, management & operating issues than on dealmaking which is a more valuable use of time.I'm not saying not to do it, because there is money to be made in any sector depending on your skills & situation.  

@Andy Collins You’re showing me I have not been remotely diligent and need to improve my monitoring skills.

Presumably, he's vetted the rehabber and believes the rehabber has the skills to make the deal successful.

Great find, I've seen or been through about a 1/3, what I can say is the salaries have really gone up since I was one the regulatory side, holy cow, $187,000+ great career for the young'ns with tech and accounting/auditing skills.

Thanks @Kara JohnsonRemember that there are 2 elements here:1) Price2) TermsThe greatest rate of return in real estate in on skilled negotiation.

For example I am good at finding the deals but don't have great organizational skills so a good partner to compliment me would be someone who is organized and pays attention to detail but doesn't like dealing with sellers.

entrepreneurs should be given a lot more credit as well because not only is it very difficult and takes a high amount of skill to be successful at.. it also takes the most courage of self-awareness of any job I can think of.

Such “third-party†‘client’ representation attaches with it, various requirements for disclosure of material facts; indirectly limits the amount and type of compensation we receive; imposes minimum standards of trust and competence in both our due diligence and negotiating skills – and frequently, creates liability for any advice we might offer to the “clientâ€.

Its nothing but paper and soft gypsum.

This will tell you how much you can borrow/spend on a property.Do you have renovation skills or will you hire it out?