Then, once everything settled, I refinanced with a renovation loan to renovate the property and stabilize.I know his fees aren't outrageous considering the timeline for some of these shorter deals, so he is who I will always go to first in a situation like this. 

GCs make life way easier but man, that 10-20% fee hurts the profit margin.

Some states let you charge storage fees that eat into security deposit.

I keep about $5,000 in a HYSA and have a high paying job so large unforeseen events go on credit card and get paid off with next couple paychecks avoiding cc interest fees.

I’ve been flirting with it but I’m countering with offers like put the fees in the closing costs instead of upfront.

That business model also tends to require being extremely hands-on, which seems at odds with the lifestyle goal of replacing a stable job.So if someone truly believes running around managing low-value homes is a better long-term life choice than a reliable W2 job, then by all means go for it—but it’s not for most.Another way people replace W2 income that may be more realistic is by getting involved in real estate with more meaningful fee potential, which usually means heavier construction-oriented development.

Of course this is super simple and there are cost, fees, etc.Ricky Bobby said in Talladega Nights "If aint first, you're last !!!" 

I am in the process of using them now but they charged me a higher then what I normally pay in appraisal fees ($750 is what they charged me) and then they added a processing fee of $90 after I paid the $750  (and they didn't tell me there would be any other charges yes I asked) and now they need me to set up an LLC after they knew i was doing business as a sole proprietor or take 10% less LTV on my refinance which won't give me the capital I would need to make my next deal work.. so I don't recommend them at all, i don't know if they are a "full" scam but they definitely need to work on their process if they are legitimate. 

To get it permitted you have to pay for an architect, engineer, permit fees, and possibly open up walls to make sure the correct beams, plumbing, electrical, etc. is present. 

Stack enough focused hours over enough days, and momentum becomes unavoidable.Cignetti’s turnaround is proof of what disciplined execution and healthy culture can do.