There are a couple ways to handle it.

Looking for cloud based site that can handle ledger card management, late payment notIfIcatIons, reporting etc for a small number of mortgages we may be servicing for an attorney.

The challenge is to see how long you can keep the game going. 

So what's the best way to handle this? 

If you can't handle a market correction or the stress is going to impact other parts of your life, sell now and move on.

These aren't issues that are specific to flipping and should be a primary focus for any real estate investment - The bottom line is that you made a profit despite the challenges you faced - and congratulations for that - but it seems to the bystander that you gambled with another investor's money while investing very little of your own - you put yourself in the position of a teacher or mentor when in fact you are not extremely experienced in the business of flipping - consider how you would feel if you lost a portion of your partner's investment....Today I am closing on the purchase of my 15th flip for the year, and I wouldn't dream of taking on an investment partner who wasn't equally experienced and had an equal say in the decision process.Good Luck with your future projects and Happy Investingjeff 

I've found it's a bit of a challenge getting terms I can qualify for here in LA. 

For my first time, it may not be wise for me to take on such a challenge just yet.

When you become a landlord it become challenging when you start having to deal with humanity...especially when it's a different lifestyle than you are accustom to. 

Yes, the insight Paul provided in this episode will certainly help those of us that want to keep pushing and looking for more challenges/opportunities.