Your problem is probably your method of wholesaling. 

I’ve secured financing with Stock Yards Bank (Term sheet in hand, 6.75% fixed).I am bringing in a Key Principal (KP) to sign on the loan to satisfy the balance sheet requirements, but I want to make sure I offer a fair split.The Question: For a standard KP who is only signing on the debt (no operational work), what kind of GP equity or fee are you seeing in this market?

And while nothing is foolproof the most consistent method of finding good vendors is relying on OTHER real estate investors that have worked with those vendors.

and do you think this method is more beneficial than buying prequalified seller leads through ( List pulling, dialer setup, skip tracing, SMS outreach, cold callers )

Typical buckets:Income: Rent, late fees, laundry/otherOperating: repairs & maintenance, utilities, insurance, HOA, supplies, advertising, legal/pro fees, bank feesTurnover: cleaning, paint, small replacementsCapEx (capital improvements): roof, HVAC, major appliances, renovations (track separately)Liabilities: security deposits (not income)Auto: mileage (or actuals) + tolls/parking if applicable5) Year-end handoff to your CPA becomes stupid-easyGive them:P&L by propertyBalance sheet (including security deposit liability)CapEx list (date, vendor, amount, what it was)Mileage total + method1099 info if relevant (vendors)PM statements (if applicable)If you want this to feel effortless, the best move is using banking that’s designed for rentals: separate accounts by property, clean transaction feeds, and bookkeeping/reporting that’s “landlord-native.”That’s why I like Baselane for this exact question: it’s banking built for real estate investors, so the workflow above becomes the default instead of a constant discipline test.Full transparency: Baselane is a BiggerPockets partner, but even if they weren’t, the “banking-first bookkeeping” approach is still the right answer for landlords who want clean books without living in spreadsheets.

Hello, would love to connect with anyone that has had success with the BRRRR method in the Charlotte area.  

Example: Secured debt of $200,000.

What's your go-to method for stress testing deals?

Quote from @Nick Cikity: Looking to start my long distance investing with the BRRRR method or simply buy and hold for single family or small multifamily (2-4) under 250k.Wondering what cities are looking good out there for low median home price, higher cash on cash (9+%) and an appreciating market.Been looking at tennesse and still hearing a lot about Ohio?

Acting decisively and presenting clear terms helped secure the property at a price that aligned with the renovation plan.How did you finance this deal?