In the process, we did incur expenses for travel to our target city to view properties, inspection fees, and legal fees for setting up our LLC. 

Another major factor is...what do you want to invest in? 

In my opinion: Your current income is a major factor. 

In a work/money fix&flip partnership:The silent partner provides $1M.The working partner does all the work, including securing an additional $1.4M in financing for the LLC.The working partner keeps 2% of the capital immediately ($20k).After all rehab, fees, and finance expenses are deducted/repaid, the working partner takes 45% of net profit and silent partner takes 55%.You can assume the working partner has experience and it's not a take the 2% and run scam.

Now there is a management fee involved  in the deal so maybe it could bring it closer to 50/50.

This is how most hard money works now Rates: 9% to 13% (Most Deals are 11-12%)Terms: up to 36 Months (Most Deals are 6-12 months)Fees: 2-4 points(%) of loan amount paid at closing (Most Deals are 3 points(%))Minimum Loan Amount: $50,000 (For loans less than $250,000 $2,500 minimum fee)Max Loan: 65%-70% of After Repair Value(ARV) 100% Rehab Financing Available (Require 20% of purchase price down payment or cross-collateral)Closing Timeframe: 48 Hours - 3 Weeks (Most Deals are 2 Weeks)NO PRIMARY RESIDENCES, NON-OWNER OCCUPIED ONLY, BUSINESS AND COMMERCIAL USE ONLY.

I use that example since I just PAID a $750K wholesale fee last year to an investor who put in the reps, and had a smoking self storage deal under agreement for a steal... and I was HAPPY to wire them the funds.

Hi All,I'm curious how current investors feel about SFH versus MFH, I understand SFH is not the best scaling factor for real estate investment, instead I was hoping to see if there is an argument FOR SFH over MFH?

And the amount of money they charge which is huge but to get those butts in the seats they spend at least 50% of the fee in marketing funnels.

The more complex the higher your maintenance costs will be (bookkeeping, tax advisory, tax filing, entity fees, attorney fees, etc).