Likewise on cabinet knobs if they have a worn or dated look, replacements can be had for as low as a dollar often and can take as little as 30 minutes and a screwdriver to completely swap out.

My favourite kind of tenant ...

Daisy chains are always discovered at some point (though often its existence is denied) and often cause a ton of confusion and a sheer waste of time.

We have found that while the cash flow proformas may be lower in these areas, we have a higher quality of tenant (lower vacancy), higher quality property (lower maintenance) and stronger neighborhood fundamentals (more liquidity and appreciation potential).All in all, this product appeals to the investor base that is looking for a more stable and quality investment than simply the highest rate of return.I hope this helps a little and look forward to the continuing the dialogue with this group.Best regards,Michael Finnhttp://www.meridianpacificproperties.com/

Often wholesalers underestimate renovation costs and inflate the ARV.

Make sure that you each have umbrella insurance of at least $2mm.Recognize up front that partnerships often result in frustration and remorse due to inequities in work performed (that is not property recognized in the operating agreement), differences in opinion on how to grow the business (take distributions versus plow all profits back in), etc.

She also wasted a lot of time with the big banks, as many commercial real estate investors often make the mistake of targeting first.

Often its the same agent but different salesperson.

And often she was late with that.

And quite often when the truth is told in accurate accounting is done that can be a profit margin on some flip properties.