Also, how frugal can you be with the $185k W-2 income, could put X away towards the reno each month - it sounds like a longer-term project, so that could build up over time Yup I would personally never lend on a job like this mid project.. you dont know if it was done right if all the vendors are paid etc..

Also want to make sure you can operate your intended types of rental there.

That cashflow will be held in operations acct to fund a DADU or an eventual duplex or triplex in place of the home.

Great job Jennifer, glad to see you overcame the discouragement, its a very hard thing to do.I'm curious about your off-market sourcing, did you cold call for this one or was it a byproduct of your normal real estate operation as a broker?

I am currently trying to understand how people with 40 hour/week jobs efficiently go from building a list to getting a motivated seller on the phone to an appointment and signing a contract I currently have more money than time and I would like to outsource all steps of wholesaling besides the sales portion.  

Create Operating Agreement4.

Then, as far as potential conflicts of interest, it's imperative for syndicators to adhere to regulatory standards and maintain transparency in their operations.

Unfortunately my wife's job started requiring her to come into the office in PA so we plan on relocating there.

Will the HVAC or Plumbing jobs be the main source or will the other sources bring in most of the $1M?

COVID showed that every admin job in the world can be done remotely.Then you just need trusted boots on the ground for local stuff.