I know the feeling...but you will miss out on a lot of things because you have to rely on your team...the lesson is that there are always other deals down the road (I drive almost every day past a lakefront house worth $200K that I missed out on that sold for $25K because my agent missed the bid by hours...just learn from this and make sure your are ready for the next (better) deal that will be coming your way....sooon!!!!

If strictly Buy and Hold and you are relying on equity to pay back your private lender then that may be a bigger challenge. for that reason and a couple of others I don't like your business model being so Reliant on long term equity whose arrival you can't predict.

If you own a rental property, you're making the decisions about maintenance, repairs, approving tenants, etc whereas with CF, you're relying on the sponsor to make these decisions.  

I'd love a better grasp on what to do in what sequence, how to engage sellers and find out how to "solve their problems," how much of that can be done when they're selling via an agent, etc.There is such great information on BP and a handful of other resources, but it can be difficult translating that into small actionable tasks having never been through the process.

Learn what contractors you trust and like to work with and create a network that you can rely on. 

Unfortunately, this means we will rely heavily on a property manager.

There is SO much work to do, nobody can rely on their memory to check things, nor can they scan down through their list of files and think about what needs to be done to move them forward.

If you don't live in the area can you rely on google maps or zillow to determine if the property is run down? 

Greater cashflow means translates into a more valuable property. 

Starting to read on tax implications, the reality of having a property I have to rely on management companies to run, etc.Again, looking forward to learning more and hopefully at some point start contributing to the discussions here as well.