It seems your non-PM friend is probably not very skilled at these aspects.Every time you have a vacancy due to poor tenant screening and placement, it costs you a lot of money, in lost rents, make ready, marketing, etc.

@David Krulac.I'm not a fan of through the wall AC that are large window units. first of all the big hunkers can vibrate the wall especially when turning off or on..Secondly when they fail and ultimately they will fail, you can't get another unit to fit the hole exactly and need to reduce or expand the hole through the wall.And thirdly they're not usually tightly sealed in the winter.1: I have not had that problem with this home2: If and when the unit fails it is simple for someone with carpentry trim skills to find another unit the same size or smaller, then shim it (smaller if needed) and cut some new trim.

You will need some basic programming skills for that and the list of APNs (free from agent pro 247) .

more important than background fields, is your ability to take action and your ability to work together.You all may have good individual skills, but now you each have 2 other personalities that may get in the way, and different ideas on how things should run, Varying levels of risk tolerance, varying degrees of commitment (it's easy to say someone is committed but you won't know until things get hard).

You have to let people know you are an investor and wholesaler in order for them to utilize your skills.

Tenants pay electric and water and I pay for yard maintenance.I had a realtor evaluate the property and they said the current value is 310K.I do not think this huge ARV is based on my my incredible renovating skills, rather I think I just got very, very lucky in nabbing a bargain.Below are some before and after pictures (I do not know why they are turned on theside, sorry).

Like buying a property or lowering your cost of capital, you know "financing" stuff.I also keep thinking that "creative" means different than the norm, something unique, something different, something that can be employed with a higher level of understanding and skill. 

(never an obligation to close)Control with;A delayed settlement contract offerUse a study periodSubject to financing or inspectionUse an optionControl real estate with a contract offer subject to resale or assignmentAlways use "Banking Days"Right of Possession - a mustRight of entry - second bestAlways control with unmarketable paper assets as a down payment Full disclosures as to re-marketing proposalAlways Right to Market and assignUse the Hybrid offer for a fast turn aroundControl and Roll - 4 stepsprospectingevaluatingcontrollingauctionThe art of Controlling real estate is the quickest way to earn profits in real estate while satisfying all parties to the transaction

I am a professional artist and will use it for a while for my art studio, but will plan the renovation for resale longterm.  

Savvy real estate investors that have good negotiating skills, combined with being at the right place at the right time, can buy properties or notes at significant discounts, especially in today’s real estate environment.