I bought a duplex with FHA about 6 months ago, I put $10k and my sweaty labor into it in renovations.The place is simply way to small for me, It is 1bd 1 bath on my side and 2bd 1 bath on the other(I rented out that side)I found a much bigger duplex I really would love to purchase, so I had my realtor look at my current duplex after the RENO to see if she thought I could get an appraisal and refinance over to conventional.

For a long time I’ve thought about flipping houses but never thought it realistic for me because of lacking finances.

The investor I work for no longer wants to become an employing broker so I can hang it with him due to fees, required continuing education and the fact we simply can operate without.

If you care about your investment simply choose not to rent to anyone that does not meet your requirements.

.$2k earned in rentContinue to pay down the ATX duplexes, hopefully continue to earn appreciation on their large home values and simply refinance every time we have $120k+ in equity and use to buy $100k single family home in full in a better market.

Do you simply ask, create a presentation and offer them insight to what they would gain.

With that said, I would still proceed with caution when underwriting, analyzing and projecting returns, but, don't simply buy into everyones thought that the market is doomed, just because that's what everyone is saying.Credit is definitely tightening a bit, meaning less loan proceeds than a few years ago, but banks are still lending with historically favorable terms.

Should his lack of experience be an immediate red flag and should I look elsewhere since there are other options available?

The problem with this is that (1) the deal they think is ‘great’ is probably mediocre at best; their lack of experience and expertise causes them to either mis analyze or exclude information , (2) the ‘off market’ deal they found is not off market, it’s just not listed with a broker, and (3) with no money or experience they don’t bring anything to the table worth an equity position.At best they might be able to obtain a broker fee.

If they do not pay you will be forced to evict assuming your state regulations allow evictions based on utilities owed.Your best option is to simply raise the rent to cover the anticipated cost, plus some, and hope for the best.