.📜 Know the rules – No "deal-making" in the forums (that means no advertising, pitching services, or looking for partners).

It looks very interesting.Best of luck getting started and let me know if you have more questions. 

Additionally, I’d like to understand the biggest challenges new MLOs face when transitioning into the industry so I can better prepare myself.If you know of any mortgage brokerages or lenders that are looking for new MLOs and willing to provide training and sponsorship, I would love to connect and explore potential opportunities.

As far as I know, appraisers do not include the total square footage of an ADU when appraising a single-family house and an ADU on the same lot.

Anyone know how to account for CapEx (setup as Asset accounts) expenses in the cashflow?

Off-market deals often require more work, but they offer greater potential profit if you know how to properly assess repair costs.Ignoring the Numbers – Always crunch the numbers before moving forward with a deal.

Do you know of any decent sofas with zippered cushion covers that can be removed to wash?

We are not perfect, and we only know where we fail when we are told. 

I've included an example below to help illustrate this.So different lenders have different rates (which do vary even for DSCR loans) but these are factors they all consider.See example below:DSCR < 1Principal + Interest = $1,700Taxes = $350, Insurance = $100, Association Dues = $50Total PITIA = $2200Rent = $2000DSCR = Rent/PITIA = 2000/2200 = 0.91Since the DSCR is 0.91, we know the expenses are greater than the income of the property.DSCR >1Principal + Interest = $1,500Taxes = $250, Insurance = $100, Association Dues = $25Total PITIA = $1875 Rent = $2300DSCR = Rent/PITIA = 2300/1875 = 1.23If a purchase, you also generally need reserves / savings to show you have 3-6 month payments of PITIA (principal / interest (mortgage payment), property taxes and insurance and HOA (if applicable).

You have to find their problem.There are a lot of high-net-worth people looking for opportunities to enter the hospitality space but lack the operational know-how you’ve clearly demonstrated.