No one is perfect.

We knew the property had an absentee owner who would be wanting/willing to close fast so it made sense to provide them with their perfect solution.

Call up a wholesaler, agent, or lender and see if your situation dictates whether you should or should not buy that property, fix it up, take out a HELOC, or invest in that syndication.

Hello BP Community, Why is P&I / Debt service included in NOI and not factored into operation expenses when adding up GOI ? 

If your 45k increased the value of the property 70k, and during the time you've owned the property the property value went up, you might refinance 50 or 60k out.

Had ups and downs along the way as I'm sure many people have. 

Purchase price: $194,025The Sellers foreclosed mid-transaction and even had to lawyer up to get their lender to look at the Short Sale package.

Just as a heads up as not sure which timeframe of BP podcasts, but before covid you could do a BRRRR and get all your money back out of the deal, today that is typically not the case and you will still have money in the deal - so just wanted to mention that.Lastly, you are way ahead of me and many others already as I cannot swing a hammer :)

They have been booked up all summer for the last few years and they are clearing more than what you would make on the properties if they were a traditional rental in just 3-4 months.

@V Reddy First, setting up an LLC to invest in real estate is generally to limit personal liability and for asset protection (select "magnifying glass icon" in top-right corner and search "LLC", you'll get a lot of feedback).