Part of being successful in that business is learning how to properly estimate rehab costs and exit values.

Hi all, I'm based in the Los Angeles & Orange County, CA area and am interested in flipping homes.I have one quasi-BRRRR deal under my belt.About me:-Former Fortune 50 Commercial Real Estate Banker, specializing in distressed assets (restructuring/modifying notes, pursuing guarantors, foreclosing on assets)-Varying degree of experience in legal remedies (mediation, arbitration, bankruptcy etc.) with inside/outside counsel-$500,000,000+ RE transaction experience from west coast thru the mid-west-USC Business School Alum w/concentration in Real Estate Finance & Development-Licensed REALTOR in CA-Hands-on experience rehabbing real estate (full kitchen rehab, flooring, painting, spraying texture, removing load-bearing walls, bathroom rehab - have pictures from BRRRR project)[QUESTION] What is the proper approach to seeking a local mentor/partner on BP?

I plan on purchasing my first mobile home this week. I’m planning on fixing it up and renting it out to start my fix and flip journey is this a good investment to start with?

The situation is slightly more complicated but manageable with the proper tools and resources. 

I think the landlord is being more than fair here, by rehoming them in another unit so proper repairs can be made when them out of harm's way.  

One of the keys to success for househacking is calculating the numbers conservatively and making sure the property properly cashflows.

That fee should be passed along to them as well.If you want to be nice, give them the spiel above, and then let them know that it was clearly an accident that wont happen again, so you will reimburse them once you have confirmed it was installed properly.

It might be tricky in Austin proper, but would love to work the BRRRR method even harder to try and get the remodel money out as well on a future deal.

The PROPER formation of an LLC would be an additional layer of protection to your insurance coverage.

These are immediate and you could do all three transactions in a matter of minute.Anyway you look at it, you still need to have it properly recorded in your books.