My approach is hands-on, detail-oriented, and grounded in a deep understanding of the local market dynamics.What I Offer:Sweat Equity and Expertise: I bring my comprehensive experience in managing the entire flipping process – from scouting the right properties and overseeing renovations to marketing and selling.

In other words, if I want to invest in someone else's project or go in as a JV on a project that someone else has already crunched the numbers on, I need to be 100% confident in my comprehension of it.

Overall, I just think it is of utmost impotence that although a deal may look good on paper, that you have an understanding of the city/ town.

I understand that I can deduct repairs and maintenance, though not improvements.  

My friend, I understand how you feel.

HI James, I understand not wanting to share your "Honey-hole", but what is behind these numbers.If he invests half of his Capital that is $300,000.  4K net annualized is a 16% cash on cash return (very high).In addition to the 16% you can get $1,000,000 in appreciation over 5 years, that is $200,000 per yearIf he leveraged $300,000 at 4.5 to 1 he can buy $1,350,000 in total property value

You must also understand how to "run" and LLC in order to get any benefits from it should you be sued.

I did not do what I did with him, that is, be nice, out of ignorance, or because I did not understand the risks or do not know how to manage my rental property.

Many OOS investors set themselves up for failure because they don't invest the time to ACTUALLY understand:1) The Class of the NEIGHBORHOOD they are buying in - which is relative to the overall area.2) The Class of the PROPERTY they are buying - which is relative to the overall area.3) The Class of the TENANT POOL the Neighborhood & Property will attract - which is relative to the overall area.4) The Class of the CONTRACTORS that will work on their Property, given the Neighborhood location - which is relative to the overall area.5) The Class of the PROPERTY MANAGEMENT COMPANIES (PMC) that will manage their Property, given the Neighborhood location and the Tenants it will attract - which is relative to the overall area.6) That a Class X NEIGHBORHOOD will have mostly Class X PROPERTIES, which will only attract Class X TENANTS, CONTRACTORS AND PMCs and deliver Class X RESULTS.7) That OOS property Class rankings are often different than the Class ranking of the local market they live.Class A is relatively easy to manage, can even be DIY remote managed from another state.

Hello Storage Facility Owners and Operators,I'm reviewing the financials for some properties and seeking your collective wisdom on the operational benchmarks for running these facilities efficiently.We understand that, on average, total expenses for a well-run facility should equate to about 35% of the Gross Income.