I've also been talking to quite a few of the female species about this and they all agree also and we all know they will mostly make the final decision when buying :-)

We want to make educated decisions and need a little help in different areas.

After we close, it is still expected that I will do most of the manage-the-manager, strategic decisions, and maybe even preparing the tax returns.

The major thing affecting our decision right now is this number and I'm unsure how to handle this.

I think this is a pretty big change and I'm not surprised at your poor response versus your control piece.

Watch them closely, learn what they actually do, and make this decision after you get some experience.

Hi Jerilyn,Congratulations on your decision to flip houses!

Perhaps that also swayed the decision, although I agree with you that more money most likely took priority over keeping the property in the family.Did you at least get a chance to match the offer?

So you have a 5 minute quick peek at a 2/1 and have to make a decision on a six-plex without seeing anything else.Now inspection is possible but not guaranteed AFTER an offer has been accepted, but by that time the information you need to make a more informed decision is no longer as useful as before.Which basically forces you to assume the worse in terms of conditions and deferred maintenance in coming up with the offer.

If it has been poorly run you might have to deal with an enormous PIP on the property which can cost millions of dollars in both lost revenue, time, expenses, renovation and FF&E.