We categorize the problems into two groups:Deal Killers (or Deep Discounts): These include complete system failures, such as needing a new well or septic system, which significantly impact the bottom line.Deal Modifiers (or Small Repairs): These are minor repairs like hydrojetting the drain field, installing a new riser, repairing baffles, or replacing pumps/tanks, which can leverage a lower offer.Step 3: Making the Final OfferWe make our final offer only after a full system evaluation with remedies.

They will evaluate the contract with the builder and the budget, make sure it falls within market median costs, and set milestones for draw requests. 

This is how I evaluate and proceed through a deal.

I'm evaluating a property near Yosemite National Park in California that currently sits on a 40 acre parcel.

Due diligence (what you should evaluate before you buy)?

For this example, we evaluated the numbers on a monthly basis, however, to obtain the best results, I always recommend evaluating numbers on an annual basis.

I’ve already made some calculated evaluations in terms of the expected operating expenses, the mortgage, closing costs, and a 20% down payment. 

The key evaluation data points for STR investors are accurate records of rental income and occupancy and/or projections from local mangers and online tools.

That is not a reason not to make changes, just something to put in the evaluation.

I dont invest in what ifs either unless I have evaluated the situation.