Better yet, find some that need work, do two deals a year with renovations, and increase your velocity of money.MTR: I would target properties that can still break even as LTR, so you have a fallback but some flexibility to go a little nicer on finishes.

In a work/money fix&flip partnership:The silent partner provides $1M.The working partner does all the work, including securing an additional $1.4M in financing for the LLC.The working partner keeps 2% of the capital immediately ($20k).After all rehab, fees, and finance expenses are deducted/repaid, the working partner takes 45% of net profit and silent partner takes 55%.You can assume the working partner has experience and it's not a take the 2% and run scam.

Cost on a 10K sqft shell(not including land) should be around $75 sqft.

A red flag is a warning for you to dig deeper.I recommend your offer to purchase include a requirement that the Seller provide all documentation and agree to sign an estoppel certificate (also called an estoppel form or agreement).

Particularly be sure to include your goals for real estate investing so that folks can help you. 2) Follow your favorite forum topics and set up keyword alerts!

. :-)Lots of folks use tile in their homes Including my primary and rentals.

If not, you will have to include an explanation as well. 

I always include facts proof and data, but it always lands on deaf ears. 

Wise investors are putting systems in place (including property managers and other service providers) so that these risks are mitigated without investor being involved.

Common fees will include a set-up fee, a leasing fee for each turnover or a lease renewal fee, marking up maintenance, retaining late fees, and more.