It is a tough market and there's nothing wrong with taking a breather and waiting for things to stabilize while focusing on savings and education.

I find that automation often adds more complexity and time to a given situation rather than helping you save time.

Stay on top of material price trends, and have contingency plans for unexpected costs.

-Explore builder-financing programs, private lenders, or hard money lenders who may focus more on the deal itself rather than personal experience.If you can demonstrate successful project management and a solid business plan, funding will become easier over time.

I do not have the capital for the property to pitch in, so I plan to use the investors money to secure the property.The interest rate that I will pay the investor is 5% for up to a duration of 20 years.

I’m planning to cancel my membership and get refunded.

Then, if you’ll indulge me, I’d love to pitch an alternative idea that might align with your goals—especially since you’re 3+ hours away and planning to use a management company.The Good: Renting to college students can be a goldmine for cash flow.

Earlier in your post you shared that your friend planned to pay the contractor invoice but at the end of your post you ask whether your friend should pay the invoice in full.....and this is after selling the property and presumably being recapitalized. 

Instead you will cash flow right out of the gate and appreciation is faster in those states with TLC properties or adding things like an ADU, or Carriage home on a bigger lot.Most of my investors that live in CA purchase in those states listed above and in most cases its easy to introduce them to local Seasoned realtors Contractors, Handy Men/Women that can help them save money and feel secure about the distance from home to REI.

Hello BP fam,I'm planning on upgrading my flooring from carpet to some sort of laminate/vinyl/hybrid flooring - both for personal (allergy) purposes in the short-term, and for re-sale in the long term (6mo+).