Those assumptions may not happen on this deal all on its own, BUT if they are reasonable assumptions over the course of many deals those assumptions should bear out.5.

Hello to all, I am Looking to start my first and many more to come flips,  I have a good team for tear down and remodeling, but I need guidelines on where to find deals and structure them correctly plug in numbers, etc any help will be very appreciated thank you in advance BP Community!

I experienced this when I lived in SoCal given the wildfire exposure and the SE has also been feeling the pain with all of the hurricane exposure.

With a $500k investment you could probably easily grow to a $1.65M, 6 units portfolio, with cash flow in excess of $2,500/mo, all while reducing your structure count from 6 to 2.

Whereas all the rentals in the area have hardwoods and AC to get the same amount of rent.

Key takeaways include:Thorough Due Diligence: Ensuring all aspects of the sponsor's background, financial health, and track record are meticulously examined.Consistent Criteria: Applying consistent criteria across different sponsors to facilitate objective comparisons and evaluations.Continuous Monitoring: Regularly monitoring the sponsor's performance and financial stability throughout the project lifecycle.ConclusionSponsor underwriting is an essential component of successful real estate and investment management.

You hire them and they take care of this tasks which includes all the necessary documents and drawings to obtain the permits. 4.)

Hi All --I read an earlier post on Biggerpockets about whether or not STRs should go into an LLC.

How does all that work?

All the wholesalers I've been finding work for either Fair Trade or New Western.