Completing some renovations does not always make sense economically (price you put in not worth the price you get out). 

If you're going to be stretching financially and don't have the reserves for surprises down the line - it's not worth the risk just to begin building equity.  

It makes no sense for me to self manage, as my time is worth much more than what it costs to have them manage for me.  

Well worth the time and membership fee!  

Emily, investors we work with are only interested in raw numbers especially if it's a Miami condo/hotel unit where each condo is completely different and offers different amenities, services, views etc.

Until next time, stay skeptical.Herzliche Grüße-Andreas* The preceding has been my opinion only, the views are my own, and are intended for educational and entertainment purposes only and does not constitute financial advice.

if I could find a deal at $300/month profit after principle, interest, taxes, insurance, and a $100 maintenance reserve I would say it’s worth doing now (ie.

That will provide you with confidence knowing there are no taxes owned or unpaid liens.I have worked with Lucia Rushton in DFW multiple times who can great agent and it is well worth using her to avoid painful mistakes! 

They have never had a problem buying it with a new retail lender.I would say the seller not profit is correct but the lender will usually pay them a $1500-$3000 Seller Incentive on the HUD.I like your definition of: "buying a property for less than the amount owing"Most investors MISTAKENLY say that a short sale is selling/buying a house: "when the loan is more than the house is worth" 

She knows and trusts the two potential partners so she has finally gotten on board with doing this deal -- so I'm wondering if having a low cash on cash and depleting my investment reserves is worth it to get her on board the real estate journey and have her contribute capital to be able to scale faster with her help later on.Any advice is appreciated.