If an increasing number of units is the reason for outsourcing (what I would assume, correct me if I'm wrong), what do you foresee that number of units to be?

I got it rented May 1 and the cash flow is about $500 per month so right now I don't have much profit saved up to cover it but if it can wait a year, I should be able to cover the cost as long as nothing else goes wrong.

@Noah McPherson you manage BRRR financing the right way by paying cash for the asset, doing the rehab in cash and taking out a loan after.Far to many things can go wrong on a BRRR for a high interest rate HML.If you don’t have the cash to BRRR, buy a low risk double… wait 7-10 years, refinance, take a HELOC and BRRR with your own money.Tried and true formula to safe wealth building.

Don't take this wrong, but if you were a contractor reading this thread, how excited would you be to do work for Tiffany Roberts?

@Michael Mainini nothing wrong with a partnership if you're partnering with someone you have been able to trust for many years but regardless make sure you have a legally sound agreement between all partners that leaves no doubt in case there are disagreements.

There is nothing wrong with having only one rental unit.

On a makro level David is not wrong: we have seen this very clearly the last 2 years and above all it is the housing supply that is making it difficult.

@Clifton MonteYou’ve got too many undefined numbers and maybe missing/wrong numbers. 

There's not really a right or wrong answer. 

Your word and you name is all you have at the end of the day so please ensure you have enough equity in the deal to borrow the additional funds from someone.Lastly, analyze where you went wrong on your budget so you can make the necessary adjustments on the next deals.