So next time your CPA saids you can use education hours, looking at financial statements(investor hours), or my favorite "managing the property manager" run for the hills.

.- not buy in a seasonal market, or if i do, ONLY expect to generate $$ in the peak season when i run my numbers- buy something with very low overhead (not an expensive SFH)- make sure it cashflows as a LTR (have a backup plan)- do a more creative stay (glamping, redone vintage camper, etc)

This essentially means that, during renovations, he has the opportunity to bring himself all the way up to 50/50 partners with me, or close to it.What does not sit right is that I have created this whole opportunity and would like to feel compensated by retaining significant value in the project rather than opening the doors for losing 50% of my investment when I am certainly able to do it on my own.

Get a quote from a local roofer or two on what they would charge to replace the roof and run the difference between replacement costs and insurance costs.

There is nothing worse than running out of cash.

Looking to get my foot in the door by connecting with investors so I meet your likings.

@Nate T.I am also trying to lease to a group home in the Phoenix area and I am running into trouble with drafting a commercial lease.

Wholesale Deal under contract in Bryan ,txit is a vacant trailer on a lot both owned by the Ownerunder contract for 55k needs 10k to repair get it rented outall together 65k to get the property and get it operational investor next door door similar situation got the trailer and lot for 64k repairs included.  

I enjoy the process of turning something that is entirely run down into someone's dream home.

It wouldn't hurt to hold onto some properties for the long-run and treat them as rentals year-after-year.