@Edward Lui management is free I use my iPhone.

Hi everyoneDoes anyone have experience with setting up & managing a fund or syndication focused on flipping homes?

I see the advantages with DSCR… in that unlike conventional mortgages which have a 10 property cap, and it becomes exponentially harder to purchase each time… DSCR allows you to build a portfolio. 

This is also why people who put properties in a LLC and self manage think they are good - well if you as the pm do something you are the pm so you get sued so you end up liable…

Sure, about one in 2000 times, by someone experienced enough to recognize a very unusual situation, having the capacity to act on it, having the financial strength, experience and tract record to be able to attract the needed capital, having the knowledge and ability to structure the deal, having the ability to manage and or reposition the property after purchase, and having the capacity to carry the negative cash flow until turning the property around or obtaining lower cost financing.  

It's a one-day course taught by a lending attorney, fund manager, and a hard money lender.

If it becomes too much for you, hire a professional property manager (there are different types of property managers).I hope that helps!

Hello Houston!!

Assuming you are managing the property well and taking care of maintenance issues, there really is no benefit to either you or your resident from the inspection.  

That means that they have a separate dept to handle ordering the appraisals directly and they don't farm that out to an AMC (appraisal management company).