Based on my extensive research, the data suggests the following success and failure rates nationwide:Success Rate: 70-80% for experienced investors, 50-60% for beginners.Failure Rate: 20-30% overall, with 10-15% leading to significant losses.I’m eager to hear insights from any BP members who would like to share their thoughts.

I also reccomend lining up a contractro early, realy early, from what I’ve heard, so you can keep everything on schedule and budget.So now that you’ve tackled what most investors would call a major job, do you see yourself repeating a similar strategy.. or do you feel like branching out into something else?

But @Wesley Wilk if you havn't done this type of rehab and you are not a real estate investor (so this is your first go) then I would not take something like this on.You'll need to learn real estate investing first, then embark on strategies.Ironically, I called myself a real estate investor for a year before I bought a property.

One thing he didn’t anticipate was the complexity of the reporting requiremnets, especially if he wanted investors outside his immediate circle.

Now, I have a portfolio of Short Term Rentals and Long Term Rentals.I’ve also helped other investors with their DSCR loans and flip projects.

It’s a good sized group with experienced investors and newbies too.

Rookie real estate investor looking for some advice:I purchased a duplex in Grand Rapids, MI last October (2023).

AS a follow up as you know I think your one of the brightest investors on Bp.  

It was a waste of time and money.For one thing you won't really learn anything valuable to an RE Investor. 

Get out and rub elbows with local investors by joining a local real estate investor group.