During this, we've made some friends with folks who, rather than allow us to rent their unit, would prefer that we manage their property for a fee.

What made you interested in investing in this type of deal?

Since April of this year, they have consistently been paying rent late in partial payments.

We make loan at a total cost to borrower of about double what “A or B” risk borrowers would pay for  bank financingLoans are 1st liens, short term (12 - 24 months) at no higher than 65% loan to value.Hope this adds clarity 

I would love if a CPA could reach out to me on this post or by direct message that I can speak with over the phone to get an answer to my full in depth question and situation to see if it is possible. 

@Delmar Marsh JrAs you begin your investing career I would suggest using this website to get a general idea of the area you are looking to invest in. https://www.areavibes.com/Its a great starting point and gives you a whole list of data that you can look through. 

Purchase price: $150,000 Cash invested: $150,000 Sale price: $187,500 Flipped approximately 550 homes over this time period with an average spread of approximately 25% What made you interested in investing in this type of deal?

This is a great place to learn and to connect with people so take advantage of all the great resources.

My primary goals are to use BRRR to buy-and-hold these 2-3 unit, and multifamily properties.I hope this context helps!

I’ve been wasting money paying minimums on everything while I sort this out.