In markets like Memphis and parts of the Midwest, the numbers can make sense, but the only way it’s sustainable is if your local team is trained and accountable to clear standards.Most people fail because they buy cheap and manage remotely without systems.

It’s stressful, risky, and expensive even for an experienced, local investor.  

Looking to invest in the midwest market specifically Detroit Michigan  

If neither of you had swam before, then why would you start a swim team?  

I had my fair share of bad hires, here is a list of things I have experienced:- did not show up for job, only shows up occasionally, way behind schedule- horrible quality, had to rip everything out again- left job a mess, did not clean up- constantly complaining about or asking for more money, extra charges- excuses, sob stories, personal drama- ghosting, especially after getting paid, poor communication

Usually, my team is already proficient at the things that AI can do well right now.

Hello everyone,I’m an experienced real estate investor with a background primarily in the rental space.

Next steps: get pre-approved, set firm investment criteria (price, cash flow, cap rate, neighborhood deal-breakers), build a local team (agent, inspector, property manager, contractor), run real rent comps and conservative rehab budgets, start touring deals (or have your agent/video tour), and practice underwriting 5–10 deals so you can pull the trigger quickly; aim to buy the first one once your numbers, reserves, and team line up.

Hmm, that means you haven't built your team yet.

From a tax angle, flipping is treated as active income, so once you start doing consistent deals you will want the right setup, often an S Corp, to avoid paying more tax than you need to.The best first steps are to learn how to analyze deals, build your team (a lender with creative financing options, a real estate agent in the area you're interested in, and maybe a CPA), and understand your numbers so your first flip is profitable after taxes.I just sent you a DM with a resource that might be helpful for you in this situation, so feel free to check it out.