Finally, as Chris mentioned- this deal has some additional layers of possible risk. 

For example, you may buy a property today and budget money for capital expenses each month for the next 5 years until finally you need to replace the HVAC.

$60k initial estimate, 71k final costs.

Nobody worries about the $65k I just paid in legal fees to finally get ownership of 2 properties that the borrower hasn’t made a payment on in almost 3 years!  

When I decided to find a new real estate accounting software platform in the fall and finally untangle myself from the nightmare of Quickbooks, I had no idea it would take me this long or be this complicated.

Staying in touch with sellers over years, even when they’re not ready to sell, is how you build those lasting relationships that lead to first-in-line opportunities when they are.It's all about playing the long game listening, staying relevant, and being the trusted person they think of when they’re finally ready.

Finally, you should write with the principle that each sentence should make the reader hungry for the next, each paragraph end in a sort of cliffhanger.

The application, VOE, and final inspection fees are about the only things in here that are semi-not standard; those vary by lender.

If the numbers work for you (Cost of acquisition + cost of repairs + loan costs vs Final value) then it could be a deal.....Speaking of crawlspace, make sure you have really good ventilation under there...

In the spirit of "I've finally resigned myself to the fact that AppFolio has me by the balls and I'm trying to do everything that we can directly in AppFolio" I'm embarking on a journey to set up inventory management in our shop storage racks and managed in AppFolio.