You can utilize flexible investor loan programs to help secure property. 

Take those and start doing due diligence on and see if it's the right flip area for you.

I agree with Michael above that you should start with a commercial lease and have an attorney review it.

Hi All,Our tenant's lease requires a 60 days notice, she only gave 30 days notice, and we immediately started advertising the property and were able to secure a tenant fairly quickly where her lease ends on June 30, 2024, and she has already moved out as of June 22, 2024 after paying the rent for the month of June, and the new tenant will move in on July 1st, 2024. 

In our previous example of $4k net monthly income the disbursement would be as follows: $4,000 Net income$1388 principal loan repayment to majority partner $1305 (50% of $2612) to majority partner$652 (25% of $1305) to each minority partnerAs your parents, they might not require or care about the same rate of return, or a return at all (except the equity position) especially if they're planning on utilizing the property for personal time.

I am starting out my journey in real estate investing.

You sound like you have a great start so far!!!! 

I just started watching a lot of videos on the BRRRR method and don't know what to do after doing those repairs.

That is one of the few ways for folks with limited resources to get started. 

Hi,I just started reading some books on real estate investing and wondering about the pros and cons of having a LLC for rental/investment property.