Rank every property you own from worst to best in expected capital expenditures4.

Connecting with other local investors can help you learn the ropes faster and avoid common pitfalls.If you have any specific questions—whether it’s about neighborhoods, property types, or what to expect—I’d be happy to help.

Start with these three key points:Current SituationAssess your current or expected capital and credit within a realistic timeframe.

While I could have gone lower I am lowering my risk tolerance because I expect a recession in late 2019 to 2020.

The investor expectations aren't met.Why?

When under contract at 300k with the expectation that codes would be the determining factor on what can be done on with the property, as it relates to new construction.

I had a heart-to-heart with the contractor and made it clear what our expectations were and no more money (he was asking for a second payment of a three payment contract) would come his way. 

It looks like a great idea on the surface but the numbers don't stack up from a risk/return point of view as far as I'm concerned (it could be different for you depending on your return expectations).

When under contract at 300k with the expectation that codes would be the determining factor on what can be done on with the property, as it relates to new construction.

When your LLC takes a loan, expect as members to personally guarantee the debt.