It has just become a famous book that has inspired so many people to become successful investors over the years that nearly every guru and RE coach recommends it.That said, the author has always been a bit of a nut job :-) If you take to heart the way he "re-defines" already well-defined accounting terms you'll sound like an idiot speaking to a bookkeeper or CPA.

Next step for me is defining my buy box, which is easier said than done as there are many shiny objects out there.

If the exit mechanics aren’t clearly defined up front, these deals can drift and create tension fast.This tends to show up more in secondary markets with local owners who are asset-rich but liquidity-constrained, especially where bank execution isn’t straightforward.When it works, it’s less about clever structure and more about clean incentives and realistic assumptions on timing. 

We understand that reliability and flexibility are critical, especially when you are managing large renovation expenses.Regarding transaction limits, every new account begins on our standard checking tier, which has defined daily and monthly thresholds.

At this stage, I’m working on defining the right strategy and would really appreciate insights from those with experience: What type of properties are best to start with for a first flipWhich areas or ZIP codes in Jacksonville and surrounding areas are most suitable for beginnersWhat a realistic purchase price ceiling would be to avoid losses on a first dealFrom a financial standpoint, whether it’s better to use hard money financing or partner with an investor and split profits in order to gain experience and build a track record  I’d love to hear any advice, ideas, or lessons learned from your own experience.Of course, if anyone here is interested in partnering as a capital investor, or has potential opportunities, I’d be happy to connect privately. 

Make sure there is a clear operating agreement, defined profit splits, decision authority, and a plan for what happens if the project runs over budget or takes longer than expected.

But that leaves the large majority of existing multifamily rental stock — particularly the two-, three-, and four-family buildings that define New England's rental inventory — subject to the cap.The absence of vacancy decontrol is the most significant detail.

It allows you to reclassify components of your acquisition and rehab from 27.5-year real property to shorter 5, 7, or 15-year depreciation schedules.

Many carriers will define sewer back up as different than overflow.

If you defined your exact “buy box” and committed to it for 60 days, would that remove the paralysis?