He likely believes his risk of complete failure is low and worse case scenarios is ARV equals cost basis (so he basically worked for free with possibility of future return on effort).  

The local laws are CRUCIAL to understand.

While it may seem like a small election, a roadblock to progress and prosperity has been removed.Now an investor, a homeowner, or a resident  can come to Housing Court and finally be treated with dignity, respect,  and equality before the law.

That would be the most crucial piece to this business, finding a county that is easy to buy and easy to sell. 

Really valuable over the years have been: pest control is a tenant responsibility, lawn and leaves with a penalty fee if not done, unpaid utilities equal unpaid rents (this is HUGE!) 

He had me over to check out the work and I noticed right away that they had used screws that weren’t even rated for outside to lay the Trex decking, which caused me to look into all the other details which as you can imagine were equally wrong.

It’s crucial to work smarter and harder for maximum return.

Rental Property Investor from Jacksonville, FLPREVIOUS POSTWhy I sold Cleveland.If you're a real estate podcast junkie like me, you definitely have noticed the clear shift towards real estate syndication in the multi-family space over the last couple of years especially.As deals became harder to find in single family and smaller multis across much of the desirable markets,the allure of pooling investor funds to acquire larger assets became a sort of self-fulfilling prophecy.Books that were mostly hurriedly written flooded the market pimping the upsides of this strategy.The argument for was simple and convincing:it is better to own 1% of a large deal than 0% of no deal.Personally,I could not help but notice that the popularity of the idea coincided with the rise of real estate crowdfunding.The likes of Realty Shares and Realty Mogul raised a bajillion dollars practically overnight making it very easy for everyday real estate aficionados to own small bites of a mega deal in rural Tennessee at the click of a mouse.A few of my friends experimented with the crowd-funding route, tossing $5000 into this debt offer and $10,000 into that equity offering.These punts yielded mixed results anecdotally, as an equal number seemed to have great experiences to share as did absolute nightmares.To be fair, no real estate niche is 100% fail-safe or iron clad.Money has been lost in a large single family portfolio as well as a personally purchased medium sized apartment complex.It is also certainly true that in the end, every investor will run out of money to invest in more properties if they decide to go it alone trying to rapidly scale up their portfolio, and real estate is most assuredly a team sport at all levels.

@Harsh Patel Today, ensuring expenses are being managed & written into your deal analyses is crucial in order to make your projected returns to stay in business. 

If they are VERY professional, they will have their processes in writing as verification that policies are enforced equally and fairly by their entire staff.6.