Hey, BP fam. Does anyone have recommendations for do-it-all repairmen that have the ability to lay tile and retile shower walls? I’m getting some absolutely insane bids right now that I’m having a hard time justifying...

Houses are typically 10%, a building of this size could cost only 5-8% of the monthly income for property managementYou can force appreciation to boost the value of the property, resulting in: Instant equity that you can borrow against to buy other propertiesThe opportunity to sell in 3-7 years for a significant profitHigher valued property means higher personal net worth – a higher personal net worth means you are able to buy higher priced propertiesDisadvantages 15 tenants to deal with15 toilets, sinks, etc. to deal withHowever, with a good property manager at the helm, you wouldn’t have to deal with the two items above, my property manager wouldMore activity because more tenants (again see the third item above)Requires stricter, more focused asset management skills and heavy oversight of your property managerPLEASE NOTE: I made the examples simple to illustrate a point and are not real accurate on the specific costs involved.

I will be passing off the brokering duties to my mentor this Fall who is the most skilled and ethical member in my network. 

Whether or not you do it for life you will learn some amazing life skills and lessons.With that being said, the teacher in me would like to see you continue your education.

What’s a great way to get better at estimating rehab costs? I have books, I have a limited background in it (Dad is/was a GC in Pennsylvania but I did mainly labor and gutting of everything). Overall - besides actuall...

There are sale skills you can learn, persuasion etc, but I am not the salesman type.Good luck.

Our kids learned so much regarding the mechanics of a house and home repair skills. 

If you have experience working with a lot of appraisers there is a huge discrepancy in valuations they come up with depending on how skilled they are in finding applicable comps. 

First of all, doing 6 deals on your first year is amazing, and not only that, while working full time - it looks like you have the right mindset and execution skills.

This is an excellent opportunity for me to meet with new individuals, trying to improve my skills and making many many many many deals ( or one huge deal !