I guess the Dunning-Kruger effect comes into play here, and sorry in advance if this sounds harsh.

Location and tenant expectations also play a role—units in competitive areas may need a faster turnaround or higher polish, which can justify outsourcing.

With over 25 years in the mortgage and real estate industry, and years spent working directly with investors on their purchases, rehabs, and portfolio growth, I have had a front row seat to how these projects really play out.

Not quite cash flow neutral, but you are essentially living for a fraction of what you would pay renting a 1BR in the same area.For a pure investment play at $250 per sqft fully renovated, the math gets tighter.

My humble advice to anyone attempting to do creative finance is:Creative finance is for experienced investors who have access to capital if anything goes wrong.Learn the lawsDon't use a contract "off the internet", laws vary by state and are also regulated on a federal levelLearn the financing techniques correctlyDon’t skip parts of the processDon’t ever do a “kitchen table” closingUse the proper deedAn attorney can help you with the legal work, but the rest you are on your ownYour guru will not bail you out“Investing” in someone else’s deal by providing a small 2nd loan so the “investor” can pay for “cash to the seller” and for “closing costs” so he can do the deal is a very bad planKnow what problems can ariseLearn the responses and solutions to problems before they are neededKnow everything there is to know about Title and what that meansKnow who a "protected class" individual isLearn the "back doors"Learn human natureUnderstand timelinesUnderstand regulation enforcement (some of these "mistakes" have a 10 year statue of limitations ( they can charge you 10 years AFTER you do the transaction) and carry hefty fines and possible imprisonmentThe court doesn't accept "I didn't know" for an answer"Know that the source of the lead plays a serious role in some states and federallyKnow how much of a "profit" pushes the boundaries to invite an investigationYou can be sued by the seller if you don’t do things correctlyYou are automatically at fault if an investigator or attorney or regulator gets involved.

I'm looking for 1-4 unit value add deals in NE Mpls, especially if they are on a large lot and could be a development play in the future.

My original post may be a little confusing, but I play golf with this gentlemen I trust him.

There’s no rotating staff, no call-center handoffs, and no ambiguity about who owns outcomes.Technology plays a different role as well.

There are a couple red flags so you could chat with a couple other PM's, avoid getting into leases if you are unhappy with the PM.Not justifying the PM but playing devils advocate on a couple things you said - 1) Many times you might think the unit is rent ready but there could be misc. things to do.

Hello @Sade Pres,Good question — but the answer depends on your long-term goals.Flipping and holding are very different strategies.Flipping — A Cash StrategyFlipping is a cash play.