This team consists of an Investor Focused Agent, Lender, Contractor, and PM.Read this article on the "core 4".

These are the hallmarks of a professional operation.

I used to define markets by state but now we do by zip codes and strategy. there's 440 zips in ohio, 7 of which we do business in which are downtown columbus and that is the urban core and urban core adacjent. rents are higher, property values are higher, developer and density friendly, low risk land or infill land, plus fastest appreciation in the market.

Building your core team early is key, focus on finding reliable contractors, an experienced local agent, and lenders that can fund both fix & flip and long-term hold projects.For contractors and builders, ask local investor groups or real estate meetups; referrals usually lead to the most dependable contacts. 

There are a lot of syndications crashing right now because it was too easy for the operators to start them.People threw money at them without much vetting.There was so much money avilable, but so few deals that many of these syndications started overpaying for acquisitions and buying riskier Class C & D properties.So, due diligence is extremely important!

While I can support a pivot in business model, there is a fine balance between someone that is pivoting within an area they know, but seeing new opportunities, i.e. value-add MF operators moving into more core deals that come with financial distress. 

Stick to the core above and refinance after 5-7 years. 

The E-Myth Revisited:This revised and updated edition, published later, retains the core principles of the original but is structured as a conversation with a fictional small business owner named Sarah.

Sourcing distressed deals is often slightly different messaging than a more core/turnkey asset that you are paying market rate for.And finally, tangential to my last point: are you actually willing to pay fair prices or are you only looking for "steals"?

Core PPI (excluding volatile food and energy) was flat MoM and 2.6% YoY, both also lower than expected.Fun fact, PPI came in lower than all 50 economists in Bloomberg’s survey predicted.What’s the difference in CPI and PPI?