Brian, The technical side of real estate (any RE) is only a very small portion of the business (10%) being able to analyze a deal is probably 1%.

This grossly distorts the true returns.What portion of overall "project yields" can be attributed to this accounting of effort or time instead of an accounting of how hard the capital is working in your estimation?

Also, remember to tell them upfront that you are going to be the inspector on the job and your experience or lack of as a contractor, and what portions of the job you will be inspecting, so that they can figure that into the timeline, and their costs.

I'll pay the flat-rate portion for vacant units.

There is no requirement to do so as loans to a business, especially startups off the street.Small business loans have always been difficult for banks unless through the SBA or other programs that guaranteed some portion of the principal.

we would have a bigger budget, a stronger strategy will demand a larger portion of the lions' share.homevestors has literally blown the competition in the dust, because everyone on the team is pooling together for a greater cause.think about that. :)

He puts out an advertisement and almost always gets a buyer within a couple of days.The buyer pays him monthly payments which in turns pay a good portion of his new car payments.Once, a buyer didn't make a couple of payments, he simply located the car via internet (the car has a black box) and he repossessed the car and re-sold it (via owner financing) soon after.

I also had to return a small portion back to the buyer.Remember, it is your reputation on the line.

If your goal is landlording, than as others mentioned, having a quality team including the PM is of vital importance so you can continue your 9-5 and then manage the PM and other team members after hours, weekends, etc.If you are flipping homes, hard to do on a part time basis without a flexible work schedule but not impossible.

Financial Freedom is the most obvious and vital,  but if I'm being completely honest, the second reason is status.