If you just hire the cheapest or first PMC you speak with and it turns into a bad experience, please don’t assume ALL PMC’s are bad and start trashing PMC’s in general.

If you are just starting out, I do not recommend you exposing yourself to more than 25k - 30k in capital investment through the whole life cycle of a deal - close to close.

How did you get started in with the fix and flip strategy?

I think you may want to start of the arrangement in a more simple fashion.Ask for a loan in which he will get a stated return 6% to 12%.If you are both successful happy with this arrangement, upgrade to a partnership.I think a partnership off the bat makes things complicated.You will also likely make more money in a loan agreement if the project does well.

Hi,I’m from NYC and starting to look out of state for good BRRRR and/ or good cash flows.

Hi Guys,I am starting to finalize on the BRRRR deal. 

Its not killer cash flow, but there is cash flow.Don't expect to start deducting things like vacancy, maintenance, cap ex, etc.

I've been following this group and am impressed with the shared knowledge here.

You may not need an LLC at all if just starting out and insurance might get you all the coverage you need.

Would it be better to start off with STR or LTR in this area?