After one year, or long enough to show future investors that the numbers DO actually perform, open the opportunity up for investors as a second mortgage (in the amount of the 20%) and provide them a fixed return (8-10%), after of course running the numbers to ensure it still cash flows with this second mortgage.  

So get a partner that can do this for you.. cut them in.. this is what I do in my work a day world for all my gals across the country seperates the wanna bes from the real players...

Are there any cashflow 101 players from Brooklyn?

I tile my kit and baths, and sometimes upgrade my cabinets if I thing I can raise the rent a few bucks or rent it faster (less vacant time)NOW you can hold the PM accountable if they can not reach their potential rent goals and you can get a good team player to boot-

You must be one hell of a player either way!

Take time to learn here and from others as wholesaling is also the niche in real estate which gets slammed the most with shady players.

Like any asset driven business, you need to set-aside sufficient reserves to ensure the long-term viability of the asset (or whether long-term viability is even an option).

Again - if you don't own the property, you tend to treat it differently.Finally, some HOAs have gone to an HOA security deposit system to ensure damages to common areas are paid if caused by renters.Not intended to be legal advice but just commenting as to my experience.

I decided to replace these components to ensure there would be less future problems.  

I want to ensure I have funds regardless as to whether or not I am out and about on any given day.