This way, you would take a % of the gain tax-free and defer the additional tax left over in a 1031 exchange if you wanted.

It’s a good opportunity to stand out with less competition, but just be realistic with your timeline and expectations.

I love having vendors I can build relationships with and can provide me good service, preferred scheduling and knowing if there's an issue they will stand behind their work.  

I love how you’re blending impact with investing which exactly the kind of approach that can make a real difference.I’ve worked with investors and operators through Vanderburgh Sober Living, and one thing that stands out is how much effective management and resident support can boost both the stability and success of these homes.

., net-7 on verified milestones) in exchange for pricing and priority.Test small jobs first; promote trades to your A-list only after on-time, on-budget performance twice.Standardize to reduce wasteCreate repeatable finish schedules (same trim profile, faucet line, paint palette) so crews work faster and leftovers are reusable.Pre-kit jobs: one delivery per room (box includes all hardware, fixtures, and consumables).Contracting disciplineUse fixed-scope, milestone-based contracts with:Progress draws tied to inspections/photosNo deposit or minimal mobilizationLien waivers at each drawDaily liquidated damages for missed deadlines (after grace period)Written change order policy with price + time impact before work proceeds2) Time: Move Faster to Reduce Carry and RiskFront-load planningWalk the property with all key trades before closing; finalize scope, bids, and schedule ahead of day 1.Pull permits early; choose scopes that avoid structural or major MEP reroutes when timelines matter.Sequencing & overlapSchedule parallel workstreams (e.g., exterior/landscaping while interior demo proceeds).Use a Gantt chart (even a simple spreadsheet) to track trade start/finish, dependencies, and buffers.Daily control15-minute stand-up with GC or project lead each morning (photos + punch list).Two inspections/week: one quality, one progress vs. schedule.Keep critical spares on hand (breakers, valves, GFCIs, common trim, extra boxes of flooring).Tech + templatesSimple tools (Google Drive + shared photo folders, or apps like Buildertrend/Jobber) for scope sheets, punch lists, and photo proof.Use QR codes in rooms linking to the finish schedule for fewer “what goes here?”

Rates and fees tend to be higher, and guidelines can vary quite a bit from lender to lender so flexibility and clear communication are key.What I personally like is how they allow deals to stand on their own merit.

The ones that do well are the ones that stand out — themed homes, heated pools, game rooms, great photography, and top-tier management.

.👉 What’s one small change that improved your booking rates> I love testing different ways to make listings stand out — it’s amazing how small tweaks can bring big results..A turn off for me is seeing an otherwise ok place that has white appliances.  

You could do that 6 times with the same amount of funds and still have money left over to take someone to dinner, because of your brilliance.Not only that, but you are $253,417 AHEAD when looking at the total deal.

I’ve found that with note investing, the biggest shift from property investing is really digging into the borrower's story and the asset’s legal standing.