Beyond that, I am saving to buy more properties, which makes it easier to then cover costs, since you have more money coming in.HELOCs are a great tool as well, but can be pulled without notice if bank feels underlying asset has lost value.

For an investor, having a project manager/contractor who (1) understands their business goals, (2) can do great, on time, and inexpensive work, (3) can communicate with the city for permits, (4) have a network of reputable roofers, HVAC, electricians, plumbers ... this is an invaluable relationship for an investor, particularly those investing in properties that will need reno work done (flips, or BRRRR deals, etc.). 

Having a real estate license is a great way to offer other investors value and a great networking tool to leverage especially if you join the right team.

If you need a week, it's a GREAT tool for your Realtor to be able to tell the other Realtor "Oh, yeah, I've worked with so-and-so for dozens of transactions, if they say bla-bla-bla, then it's bla-bla-bla." d) The size of your earnest money deposit is not a pissing contest. e) Stick to the most vanilla loan options available to you, if you have several.

On top of all of that, they have renovation plans to make this property skyrocket in value: redoing the garage, updating the exterior, and turning the front porch into an ultimate walk in closet for Josie. 🤩🤩 The icing on the cake, the monthly payment is going to be even less than rent!

I am searching to see if there is tool to compare different loans while continuing to talk to other local banks as you mentioned. thank you!  

The evaluation tools on this site were instrumental in keeping in line with the estimated cost.  

Simply put, Cap rate = net operating income (NOI) / value. this is an important assessment tool because it allows you to measure the level of risk assoc. with a property, i.e. a higher cap rate means higher level of risk, and as such higher potential ROI.

They have the tools to verify, interview, and can sniff out the fraudsters.

Therefore, even if the seller has the ability toforeclose in the event of a default by the buyer, the asset might not be worth as much as it wasat the time of the original sale, and the buyer may have even contributed to its decline in value.