Question for you: are you looking to keep your monthly payment as low as possible, or is the main priority just maximizing cash-out to roll into the next deal?

Always expect a project to run into issues, cost more than expected and sell for less than expected and you will make money.The biggest advice I would give first time flippers is try and get with a seasoned flipper in your area and see how the process works . . . buy a few lunches and roll up your sleeves if possible and it will be a cheap education that will save you a fortune in the long run.It is easy once you get the machine moving but making sure you do not find yourself with the machine in flames at the start is key.

Document investment intent and operate the property accordingly—arm’s-length leases, market rents, normal expense sharing.A lot of folks ask about “rolling up” into an LLC after closing to make management easier.

Hey Michael - in addition to the other basics already mentioned, ask for rent rolls. 

If you’ve got a Zillow/LoopNet link, rent roll, or offering memo you want screened, reply here or DM me and I’ll run it for you (free).I’m mainly looking for feedback: does this save you time, and would you use it if it were a web app?

All-in basis: ~$65,000Estimated retail value: ~$110,000Rented for ~$1,000/month for two yearsTenant eventually purchased at a price we were happy withProceeds were rolled into a better property via 1031 exchangeLessons learned?

Kelly, I use DSCR loans personally for my own portfolio, and one of the big advantages is simplicity — everything (P&I, taxes, insurance) is rolled into one payment, which makes cash flow easier to manage.1.

Common structures I’ve seen:Convertible preferred equity – early investors get a premium return or the option to roll into project equity.Promote kicker – pursuit investors might get a small piece of GP upside once the deal goes vertical.High single-digit to mid-teens pref – depending on risk profile and timeline.Family offices and hospitality-focused private equity groups can sometimes write these smaller early checks, but often want strong reporting and transparency since pre-entitlement risk is real.If you already have a pipeline of 20–90 key projects, building a repeatable structure for pursuit capital can help you scale.Curious—are you targeting more institutional-style equity partners, or open to smaller JV groups / family offices who want a seat early in the process?

Hey BP Community,The City of Charlotte just rolled out a new initiative — the Queen City ADU Program — that could be a game-changer for local housing and for investors keeping an eye on this market.Quick highlights:🏡 Up to $80,000 in forgivable, interest-free financing to build an ADU (detached or attached).👨‍👩‍👧‍👦 Eligible for both owner-occupants and non-occupant property owners within city limits.📏 ADU must be no more than 50% of the main home (capped at ~1,000 sq. ft. for detached units).💰 Affordability strings attached: must be rented to tenants at or below 80% AMI, with rent caps tied to FMR at 70% AMI.📉 Loan forgiveness at $10K per year of affordability (8 years total), or up to $15K/year if you house voucher holders or tenants referred by city housing partners.🔑 Only one ADU per lot allowed.Why it matters:Charlotte is under major housing pressure, and this is a way the city is incentivizing “gentle density” without rezoning entire neighborhoods.For investors, it creates a structured pathway to add a unit with city support — though the affordability requirements and rent caps may limit cash flow potential compared to market-rate rentals.On the flip side, the forgiveness structure (essentially free capital if you comply) could offset the reduced rental income.My take: This could work best for buy-and-hold investors who don’t mind playing in the affordable space and are looking for long-term, low-cost additions to their portfolio.

Rehab loans like a conventional renovation loan or hard money into a refi can work if you’re rolling purchase and rehab together, just make sure your numbers leave you with equity and positive cash flow when it’s all said and done.