Early on, spending a few hours per deal is common.

Common trends in our reviews are that the area feels unsafe and shady (I actually had someone break in during our rehab and set off some firecrackers in the home, almost starting a fire!)

I highly recommend you secure any property that is not occupied if it is awaiting a tenant or under rehab as it is all too common for theft or squatter situations to occur.

Duplexes are extremely common here so potential for cash flow is higher.

What are your taxes, insurance, property management, water, sewer, trash, common electric, snow removal/lawncare, turnover, and set aside funds for CapEx?

But I am new to this industry, so am unsure how common it is to be hired by a brokerage, but not working many hours in the office. 

A common approach is to set aside estimated taxes at the LLC level when the deal closes, then distribute the remainder, with final true-ups at tax time.

In those cases even strong homes still perform, but the margin for error gets thinner and mediocre inventory gets punished fast.So for us it’s less about replacing good execution and more about avoiding markets where the odds are quietly shifting against you before it shows up in the rankings.

@Zack WhitingThis is a common issue with infill lots in older neighborhoods, the biggest risk is overbuilding relative to what the area supports.

Two of the most commonly used tests are:100 hours and more than anyone else500 hours (time spent by anyone else doesn't matter)You can see the issue that may arise if you go with the first test.