Update: While I was in the process of doing a cash out refi on the property to rent it I lowered the price by another 5%.

How much is the whole process normally cost?

A 3br/3ba luxury apartment near a major university.Rent was $2950/mo and it made me $1600/profit per month.With two units and within 2 years, I was making $4k/mo in profit from 2 airbnb’s I didn’t own and I only started with $10k.I replicated this process until I brought on a business partner and hired a full time operations manager and we scaled to a 17 property portfolio between rental arbitrage units, management deals and properties we bought.I did this strategy in my early 30’s and I’m 33 yrs old now.

Additionally, fostering open communication, having clear decision-making processes, and seeking professional guidance in legal, financial, and tax matters are essential for a harmonious and well-managed co-ownership venture. 4 to 8 partners all opting to take the same weekend could lead to some ruffled feathers if a structure isn't in place on some level of hierarchy. 

@Mark Faustrum too funny...my only stance against Elgin is the rental inspections but to be honest it's just like any building inspection - at the end of the day....the process is in place to ensure certain standards and expectations are met...

I'm not saying expect to leave 100k in but I think a lot of people are dishonest when it comes to how much they leave in, to make their process seem superior. 

@Joseph Hernandez I am a licensed Realtor. in the last 3-4 years wholesalers ( many new or not seasoned ) have been adding a very high wholesale fee to deals and in the process taking much of the meat off the bone.

Our last email from Alan confirmed our suspicions that we were getting jerked around by him admitting that it was his fault that the refund process was dragging on because he ‘knew what was in our best interest to do’ and that was for us to relaunch the program instead of giving us a refund.

You pay more interest but the process is smoother .

Hey All,I have reached to my accountant about this but thought I would ask  here to see if anyone has done something similar.An LLC of which I am the manager, and my SDIRA is the only member, is in the process of acquiring a property subject-to.