But they call this "stabilizing the property", which was an unknown word/term/ theory prior to closing and thus never mentioned. but after you close and you're paying out thousands' month after month, and you start asking questions.....this "property stabilization" is now a constant theme and you are reminded of it every time you have to come up with another 1500 every few weeks.

Wholesaling, if you treat as a real business, requires constant hustling so you should have no free time.

If you do not constantly spend a fortune, you will not get any leads.

(Note:  I spent years as a speaker, life coach, trainer...the exasperating side benefit to that is constant self diagnosis...and some vodka for self medication).

Hard to be sure based solely on pictures but those gouges look pretty superficial..... if the floor is level and even between joints etc, at best I would fill those "pot holes" with some wood putty or other filler and call it a day.

EDIT: that aren’t hiding huge or constant repair costs

It walks and talks more like a joint venture agreement that is specifically geared toward a sale after the rehab is done.It’s irrelevant for You to call it a “hybrid heloc” and impose “heloc laws” on it when it’s not a heloc.

I don't like being responsible for the buildings, turnover, constant issues, etc and the numbers aren't enticing enough with PM in place.

Married filing jointly 125k incomeNot looking at a 1031 at this timebetween State and Federal what should i pencil in for Cap Gain percentageReal Estate fees percentageancillary fees percentageThank you in advance

I was over trusting of what my GC was telling me, and he was stating that he was in constant communication with code enforcement.