She is in Jackson MS.. and her feedback is that turnover costs have gone up a ton form the average turnover at 1500 to 2k is not 3 to 4k..

This company was big name, in business for decades, nationwide product, BBB rated, every contractor who uses the product needs to be licensed with the manufacturer so we figured we we would be okay with 1/2 down, 1/2 at completion. 

I am not sure what tools you are using for your cash flow projections but it's possible to have a property that does not cash flow year 1 but will in year 2 or 3 and so on based on average historical appreciation in Austin TX. 

That’s the kind of move that separates average investors from the pros.

JUST HERE TO GIVE A QUICK RECAP OF MY 2024 SO I CAN SOMEDAY LOOK BACK AND LAUGH HOW THIS YEAR WAS A NIGHTMARE AND PRODUCTIVE ALL IN ONE LOL FUNNY ENOUGH THE YEAR STARTED ON A GREAT NOTE I WAS ABLE TO GET INTO MY FIRST FIX & FLIP  DEAL  WITH MY WIFE!!

For someone that's not as conservative, or a different view on the cycle, they might have a different opinion than me on all of this.2) Sponsor quality check: (takes about 45 minutes per deal)I believe that a great sponsor can take an average looking deal and make it great, and that in mediocre sponsor can take a fantastic looking deal and make it bad (especially if there is a severe recession).

My building is averaging about 20k per unit.

The average rent per room is $1100/month and have 6 rooms to rent.

I know it can depend on the person there are definitely pros who could make huge moves with this kind of capital but what about the average person who’s been inspired by TikTok or YouTube videos?

The average 1st time homebuyer is 37 currently.