I'm considering starting a franchise with Property Management Inc (PMI), but there's a $60k buy-in, fees for their tech-stack, plus 7% of revenue.

Capital gains are something you want to factor in along with what your wife wants to do.

To me these all come down to a few factors: what do you "need" out of a mastermind course vs what are they actually offering?

Listen to the terms: - 11.5% interest rate- 5 points up front (pay 5% up front as a loan origination fee)- Have to hold 18 months in reserves for PITI.

They can stack even more fees into the Loan Estimate and jack up the rate to make even more in back points.

To even do the app there was a $200 fee (that I’d get back on the HUD) Is this even normal?

You need to check with the PM company to see what they allow.I'd not do this because:You have to wait your turn for a booking.You  are at their mercy as far as rules and fees.Regime fees and special assessments can kill your net income.A SF beach house will make more money without the HOA fees.Condos are a dime a dozen in Myrtle Beach so you can rent one cheap due to all the competition. 

I'm working on projects in florida and ohio. entitled or unentitled is a big difference. we typically look for land in larger tracts in columbus ohio for under 50k per acre. that's mostly rural land that is then entitled through engineering and zoning variances, a huge money maker if you don't do it. entitled land depends on density. lowest I've seen is typically 6 dwelling units per acre and highest I've seen in suburban markets might be 26. i think there is a lot of missing things to answer your questions like how big of projects, but I can give you a very recent lot we featured for investors who build a stacked triplex with us around Orlando and other markets in florida. it was a 43k piece of land on about .3 acres. through planned development you can get a duplex approved it was in poinciana in Osceola county. that's on the small side and it's hard to find land and it wouldn't really increase in value there but that's about 5k or less in fees to get that done. so all in 50k for a 2-3 unit. so 25k a door would be a good price to look at. normally as you buy at scale it gets much cheaper because you are doing all the value and creating something from rural land or wetlands, etc. entitled land typically sells for 11k-13k per door I would say on average in suburban markets on a national average. that is extremely difficult to track but we work with groups in land entitlement all over the country who co -develop with us and we create benchmarks that's more of an internal conservative and we push high density and multifamily to maximize profits on the exit once the project is entitled. 

Never send money in advance for their fee's  NEVER. thats a huge red flag that they are just out for fees and are fake lenders.2. bad or not really good written english .. on the phone they sound like they are off shore ( which they are ).3. rates  lower than market most of the fake lenders will advertise 5% rate that does not exist.4. insisting you pay for mortgage insurance  there is NO mortgage insurance on PML HML loans does not exist.While NMLS registered and state licensed is a good way to vet a lender keep in mind only 12 states require it.

Everyone,  let me make the reason for this post clear.

A LOT of you all are getting fooled into believing that  to become successful you need to lie to sellers, , low-ball sellers, cold call people, DMM, people, an...