I have found all my current flips on the MLS and want to start building a system for deal flow in order to grow.

Hello,I purchased an investment property in Largo, Florida about two years ago.My tenant called me a few days ago and noted she heard a cracking sound and the tile's in the entry way started to lift.I got a foundation contractor to come out to the house and he noted I have raveling soils as well as many other houses in my area and that my foundation is slightly compromised.

the other option i have is build a 3 car garage and out a one bedroom apartment on top that ill rent for about $1500 a month.The garage price would be about 100k to fo but could make 18k a year.The land is $130kWhat do you all think is the better strategy?

Get rid of debt, build a budget, and save.

I will appreciate your responses, currently I am developing guides from BP resources to prepare myself to interview and build a team.

Background info: A tornado came through about a year ago and tore up the carports for a rental property of mine in Iowa (I own one unit in the 12-plex).While the carports have been rebuilt, the HOA's building insurance is coming up for annual renewal with a VERY steep price tag.

Since you have good income, you should try to maximize equity build rather than cash flow (which you will pay taxes on if you take out of the property to pay yourselves).

I have financial resources at my disposal and maintain connections with several contractors to ensure that the house is repaired and prepared for sale on the open market.

Property management contractor is about 15% higher vs a contractor I found.How does one go about refusing to use their contractor and payment.

Despite providing a detailed bid from my contractor, I was informed that it wasn't comprehensive enough.