Initiating the ConversationThe key to approaching a non-profit is to be respectful, patient, and aligned with their mission.

You can assume the lot rent will go up over time and take away some of the benefit you would have had from renting. 

The biggest key was understanding that It was more important to get on base then it is to hit a home run.

Thank you for sharing your takeaways. 

I think I've done my bookkeeping almost every way you can - from not at all -> keeping receipts in a shoebox and handing over the entire shoebox to my CPA -> running 10-key tapes on all the receipts for each category and handing those tapes to my CPA -> DIY Quickbooks -> paying a bookkeeper to manage everything in Quickbooks -> to now doing it myself using Baselane.

The takeaway here probably boils down to the fact that there aren't a lot of markets that cash flow today with yesterday's strategy. 

I think the key is doing solid due diligence and making sure you're lending on projects with good margins and clear exit strategies.

Putting in place policies and systems to handle that will be key otherwise you'll always be working or at least be on-call.  

I’ve had a great experience with Brian Hartsell at key properties for my vegas properties. 

We invested $55,000 in key renovations, focusing on modernizing the interiors, improving curb appeal, and ensuring the property met market expectations.