Agree with all the people who say not to get a partner and look into professional property mngt instead or a property closer to you that you can keep an eye on.

So often people will want to do an umbrella policy for risk.

Effective risk management ensures the sponsor is prepared to handle challenges and uncertainties.Practical ImplicationsEffective sponsor underwriting can significantly mitigate risks and enhance the likelihood of project success.

I’m particularly interested in assets where strategic renovations and management improvements can significantly enhance cash flow and overall investment returns.After doing a lot of research I believe deals will be starting to come in towards end of year and early next year.

But, the brokerages and most people who contact you from them are just trying to get you in their downline.

-How do you manage thermostat and temp difference between up/down stairs (assume basement will be a lot cooler)? 

We are hands-on managers--we have our own management company and manage our assets internally, so we have complete control over what is controllable. 

And also no drama between people.

I am currently interning this summer with a big home builder you may have heard of (PulteGroup) where i am working directly with construction managers.

As you scale, if bookkeeping isn't fun for you, consider hiring a bookkeeper for a couple hundred bucks per month.We do 20 out of state Flips/BRRRRs per year and use QuickBooks Online to manage all of our finances for rehabs.