What made you interested in investing in this type of deal?

Unless you are rather experienced with this type of damage, it may be hard for you to tell the extent of damage.

Code Chapter 47 - Fraud And False Statements, which is a very boring read, unless it applies to you.Please don’t do that.Make sure your Proof of Funds source has the funds and that you are authorized to use those funds and the source will vouch for you in court.If you are going to buy “Turnkey” it is recommended you visit the actual neighborhood and actual house before closing.Things can be very different in person.Afterwards is too late.You may not like what you seeGo with the Math, not the emotions or hopes of the futureIf you are losing money with the hopes of making it up later, you should seriously reconsider.Wishful thinking is a poor investment.Interest rates are going upAnd interest rates are going down.And interest rates are remaining the same.There is no clear direction for rates and there are arguments for going each direction – buy so that your property cash flows, even if you are wrong.Ignoring your workers.Always serve your workers pizza on the job.It keeps them on-site so they don’t wander offThey will think you actually care and will work harderYou get to become “one of the boys” and they will tell you things you need to knowHmmm, out of space, but not out of mistakes. 

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They're more expensive but the underwrite is easier due to gross rents vs. having expense factors (like any type of normal commercial lender). 

You didn't specify if this were just one entity or you had many entities (i.e. what type of structure you have makes a difference in how they do the accounting) I would budget 2-4 hours a week under one structure & then add if you have multiple bank accounts / structures but not by much - maybe an extra hour to account for having to switch into different accounts / bank accounts.What's the advantage of a local bookkeeper vs virtual?

Welcome.Make sure you take the time to understand Property Class types, so your expectations are aligned with the performance of these classes.

Purchase price: $280,000 Cash invested: $100,000 BRRRR-STR | MTR What made you interested in investing in this type of deal?

All good PM's should have some type of language in their contracts like this.

So yes, it's a compounding pharmacy and I was sort of picturing mixing things with a mortar and pestle type device.