One critical aspect we focus on is identifying and preventing fraud.

Aligning expectations with investors is such a critical part of building trust and ensuring long-term success.

As others have noted, being able to complete and inspection and walking the property with a at least one contractor is critical to understand the potential costs, etc.

EPO's, PPP's, and clawbacks are critical to manage this as well. 

The other critical question is – whom do I need to send these 1099s to?

Resort and vacation destinations tend to perform well, but it’s critical to research local laws and trends to ensure the property aligns with your financial goals.What type of investing are you leaning toward?

When we told her the next morning that it would take days to get new payoff letters and we would miss our rate lock deadline, she said it wasn’t critical and they could make do with what they had.

Hindsight Critique•Continue to build relationships to increase deal flow•Property manager (Mercer Hughes) is critical to completing renovations and quick tenant placement•Continue to build relationships with private lenders and personal investors•Have cash available to make quick competitive offersDid you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?

When we told her the next morning that it would take days to get new payoff letters and we would miss our rate lock deadline, she said it wasn’t critical and they could make do with what they had.

With a 40% expense ratio, the DSCR is approximately 1.21Hindsight Critique•Continue to build relationships to increase deal flow•Property manager (Mercer Hughes) is critical to completing renovations and quick tenant placement•Continue to build relationships with private lenders and personal investors•Have cash available to make quick competitive offers