Good luck, its pretty frothy right now, but focus on either buying performing notes, or non perfomrers and rehab them to performing.

I’m going to have to second the thought that what you are in and looking at is very much required that you are the one performing work.

Lenders that don’t require an appraisal will perform a desktop appraisal but will typically have a very conservative view on the value of the property to protect the company’s investment.

Lessons learned so far:- If you want to hire a management company to handle day to day, make the management fee be performance-based so it benefits both parties.

I was never sure if I just had high standards because of my architecture background, or if indeed, my contractors were performing low quality work.

On the other hand, Section 8 can be a nightmare if the owner/landlord/PM views it as an easy way to overcome a vacancy but doesn't perform any oversight. 

I am very much into the benefits of building wealth through buy and hold, so I want to point you in that direction, but the 1% rule doesn't tell me anything about how that property will perform.

You should be calculating your return on how much equity is trapped in this home to get the best picture of how your investment is performing.

My uncle would provide the purchase price and down payment and I would perform all of the work and we would split it in half.

If the buyer performs, they are credited that amount at closing.