Finding deals (which a good agent can definitely help out with) is step one, but we find that a lot of investors struggle with the next 3-5 steps of a successful project which includes team members such as project managers, contractors, property managers, insurance agents, lenders, etc.

This might strain the schedule for your project.Risk: Significant financial losses, including the possibility of losing your property in the event that you fail on the loan, might arise from a repair and flip project gone awry.Due Diligence: To make sure a hard money lender is respectable and reliable, it is crucial to carry out extensive research and due diligence before selecting one.Before proceeding with a hard money lender, consider your financial situation, risk tolerance, and investment goals carefully.

And if Social Security was a) not borrowed against by the government and b) payments not expanded to included other items would be self substaining.

The loan cannot include a balloon.

Heat, hot water, water, sewer and snow plowing included.

For sourcing deals, consider leveraging a mix of strategies including networking with local real estate investors, using online platforms like Bigger-Pockets for community advice, and exploring public records or foreclosure lists for potential off-market properties.

My short-term rental is out of state but I manage it remotely (mostly guest communications and troubleshooting issues) and if I include in that the time I spent getting it ready to rent, I would say I materially participated and even more than anyone else (i.e. cleaner).

Does the guideline for a monthly rent between 0.8% and 1.1% of the property's value include power, water, gas etc.?

@Erin MaloneIf they were to be done with repairs and did not finish and close then they typically are in violation.

In my home state of ohio, these auctions come with clean title and they include all leins and morgages in the starting price so i figured it was the same for florida.first property i am a defendant on, the second im not because the foreclosure process started before my purchase date so im not entitled to the lien.