But ultimately the responsibility lies in my hands.I jumped on a seesaw of risk hoping that the momentum would catapult my bank account into six figures only to find out the hard way that flipping houses isn’t as easy as I had predicted.This house was purchased for $64,000 with an expected rehab of $100k to $120k depending on how much work the dilapidated and neglected house needed.The midwest is lovely but the houses carry the weight of weather storms nearly a century old leading to more damage than a beginning investor could expect.The appraisal came in at $225k for my lender meaning our all-in cost would be around 85% of the sales price worst case.

Les Jean-Pierre just saw your response!

My local realtor obtained information from the PM about the property’s income for 2024, along with an estimate of monthly expenses the owner is responsible for.

A candid interview with 5 different sets of partners talking about their specific terms as far as responsibilities and costs would be a great show. 

@Jason Wray Thank you very much for this response ..I’ve never sold one of my rentals before feels like I’m cutting off a leg and paying close to 100k for cap gains is really starting to eat at me 😵‍💫Any chance you would be so kind as to send me a link to something in the ballpark of what you’re suggesting this way I can get an idea of area and what this type of property could look like!

Very responsive and great market knowledge! 

Thank you for your response. 

Here is one example, admittedly not the best, but its on the MLS now, so let's use it for discussion purposes. 

The purpose of my phone call was in regards to their "Turn Key Section 8 Program" which promises 30-35% Cash on Cash returns.

The purpose of marketing is to attract an in-person showing.