It varies a lot.

That means:- Reviewing files yourself periodically- Making sure you communicate with your vendors and follow up to confirm they did what they are supposed to do.- Setting expectations for communication and accountabilityVendors aren’t infallible.

Easiest routes I’ve seen:Second-position private money (short-term, interest-only, balloon at sale/refi)Small equity partner just to cover the gap—they get a cut, you stay light on debtContractor payment deferrals (if you’ve got solid relationships)Or a bridge/mezz loan if your project is close to completion and appraises well.Main thing: keep it clean and documented.

There's no getting it back.

It’s all about cashflow.If your talking about lease or rental rates for comps to do projections.  

If you say you'll do whatever, even if you give a list, you're putting the burden on them to determine what to do with you and creating another barrier to entry for yourself.What you do specifically depends on the mentor.

Worth it!

Could do condo for LTR or single family home.  

I do a little wholesaling myself. 

It’s a great program if you can hang in there long enough, but the reality is it moves slow and it’s not very flexible, especially when you’re trying to do something a little more ambitious like buying a 3-family property in Queens or Brooklyn.