RE is a lot more active and involved, even if you hire a PM and a GC which BTW eats up your returns.

For your first question, writing a scope of work (SOW) involves detailing all the tasks and materials needed for your project.

Through your local bank that you are using, are you reapplying for each new home for a seperate construction loan or are you setup as a credit line with them and just submit a new budget for each new home 7 mil credit line  ... new budget for each plan that has been pre appraised in the MAI at the beginning of the project.. they did have to update the Mai last summer but again did it at their cost not mine.. banks have to paper their files.. even though we are selling the same floor plans for 100k more per plan than the original numbers came it at and bank has been paid and has all the closing statements showing this data..

Undoubtedly, the biggest regret is getting involved in the short-term rental market.

For me, that includes late fees, the cost of the eviction filing, etc.

She didn’t even have to get involved with tenant issues, which is a win in my book.But here’s the flip side:Not all property managers are created equal.

Offer to intern, find a way to get involved.3rd - If you find a deal, you can then find financing! 

File a police report.

There is less risk involved in the cheaper properties .

This could include computer delays, the inability to reach the site, creating a late filing, and subsequent penalties.