Unproven contractors need to be started with small jobs and they can work themselves into the bigger rehabs. 

Operating partner not paying loan or taxes and lender threatening to foreclose, who was also a family friend at the start. 

You need to develop and stick to a much more stringent screening program to avoid this becoming a regular occurence.

Detroit has turned a corner and a lot of folks are starting to wake up to it.Still early innings though.

And another, in some states now, you have to disclose, in writing to the seller, that you are not the end buyer or be fined with a hefty fine.These may get glossed over by the "community" but they are starting to be cracked down on in a bunch of states.

@Konstantin Ginzburg hiring a VA means you are starting a business.Biggest problems with VAs is they come and go, making consistency difficult!

I built half a dozen homes in Seaside Or on the hill above town and half way up my street was the start of the safe zone for Tsunami  when you put that into perspective..

You can't just buy a condo in any neighborhood and start renting it out weekly.

"My name is Isaiah, I am a local investor looking to start my investing journey and have started by identifying some properties with long-time owners with good equity.

I’m sitting on 15k and I’m unsure how and where to start investing.