My partner and I were at the project daily doing some handyman work ourselves to save money.

It's a big project that involved moving a 50 foot, exterior brick wall, discovering an extra floor that we didn't know was there, and building a rooftop patio that overlooks the entire neighborhood.

It's a big project that involved moving a 50 foot, exterior brick wall, discovering an extra floor that we didn't know was there, and building a rooftop patio that overlooks the entire neighborhood.

There are plenty of Racine investors in our group but our physical meetups typically take place in Milwaukee unless they are POP UP events at other members projects. 

When you're evaluating different turn key companies, in general, the ones to avoid are the ones that: Don't allow financing or a finance contingency (it can be a good indication they are selling above market value)Don't allow for your own independent property inspectionAre not realistic with their pro forma's (i.e. they don't include vacancy or maintenance projections or use unrealistically low vacancy factors)Require you to pay for any renovation upfrontSell only in cheap. low end neighborhoodsDon't accurately represent the neighborhood/property classificationDon't have consistent rehab standards for all properties

Supervising subcontractors, meeting inspectors and pulling permits can be a full-time job.Funding a flip:Pro: Funding the right flip can be quite profitable.Con: Correctly evaluating the project and the flipper requires extensive knowledge about construction, permitting, zoning and real estate resale values.

@Shawn Sternick The 15% remaining, are they projects that can easily break the budget?

You can get a blanket loan for all the 4 units if they are separate owners.Even if they're purchased in separate transactions with multiple owners, you still should underwrite the whole portfolio as one for future projections, depending on your exit strategy.How you present the proforma and executive summary to the lender will depend on how you purchase the assets.

We have experience rehabbing properties together, but this will be the first time we venture into a short term flipping project.

He is busy with other projects and has not been able to make repairs happen to get house rentable so it's been sitting since he purchased the property.