It can also lead to the many horror stories of assessments of thousand and thousands of dollars because they need to put on new a new roof or do some other capex project and the HOA is broke.But with all that said, don't let it discourage you, I just want to make sure you go in with your eyes wide open and are not distracted by potential returns.

We have a bunch of local networking groups you can join - I see you live in Lexington, my firm is actually doing a rehab #Meetup at one of our projects in Concord  April 3, Tuesday night - e-mail us for details, or I suppose I can post on this thread if anyone else wants to join. 

I have some great kiddos that have been instrumental in completing home improvement projects in the past and I believe it’ll be an easy transition into helping them become more financially conscious.

I got additional funds however, I negotiated with a contractor and got the project completed at a lesser amount.

I have bought CFD’s before where you know what they paid and they were making a killing on it and honestly, I didn’t care because my projected returns were also above 30% which exceeded my requirements for acquisition.

I am deliberating two possible scenarios for myself in the future to continue down the path of working for my self and family as well as investing.Scenario:80k-100k cash on hand not in a rushOption 1 potentially:Find a older duplex 30-40k for cash with a higher estimated arv than the projected rehab, rehab property, rent, refinance.

Straight #savage.Seeing as it was a drive by I think it'd be prudent to put this puppy in the back of the line & focus on other projects while things die down.

Its a little more risky becasue its a higher % rate but as long as the project is profitable then you dont have much to risk.

I did something like this recently as I wanted cash for a project but didn't want to sell or refi a whole portfolio, and I didn't want to put any more personal cash into an LLC.

I have a project where we will be moving to the LifeProof Luxury Vinyl Plank (8mm/Waterproof/snap-together) throughout the unit; floating for installation.