And when it comes to real estate investing, the risk is most often: under estimating rehab costs (including contractor issues), over estimating the ARV/or what you can rent or sell it for, and not being able to qualify for bank financing if you are trying to keep it in the case of doing a BRRRR.So the answer is not to shy away from this strategy if you are new, the answer is to partner up with/or get coaching from an experienced investor (by the way, this is not self-promotion, this is simply stating the obvious way of how to reduce risk).  

Some of our posts get taken down because we are apparently “promoting” our business.

And I will add I have always said from day one that when this out of state BRRR become popular on BP and promoted there was going to be a ton of money lost with newbies trying this.

The great ones that get you cash flow, with a healthy reserves, well maintained and promote appreciation are hard to find, or more than you want to spend.The cons are: -The HOA fee takes your cash flow.

Another benefit is the ability to pull supplemental loans versus full refis (pro or con depending on where interest rates move).The main objective is weighing these pros and cons of each.  

I used to work for the chain, and we promoted the card with other perks such as discounted delivery fees ($79 dropped to $20 for flatbed and truck drop offs), and perks with the Lowe's volume pricing tools for contractors and pros (where bulk purchases would be run through a pricing tool - sometimes with much more significant discounts than the 5%).   

Many small PMC's need this service.Challenge will be there are several companies offering the services that use virtual assistants from lower-cost countries like the Philippines.Also, DIY landlords are notoriously cheap.Do enough promoting though and should get several clients.

Additionally, I will be working as a Life/Performance Coach to supplement my passive-ish income from REI.

With the RE prices in CA, why do you still promote investing in your own backyard?

It is unfortunate that Internet gurus can promote wholesaling as a simple, no funds required business model and people that can least afford it are jumping into the business.