Property management is a separate license in Alberta.Correct.

Have the loan properly serviced by a licensed servicer.3.

Storing things.Even if the appraiser risked his license by not calling the bathroom out (why would an appraiser take that risk?)

There are plenty of deals in Philly on and off-market from wholesalers, who are pretty decent in Philly compared to other places.You will need to get your GC license here and learn the permitting process and necessity here as well.

Hey BiggerPockets Community,I’m Steven Menotti, owner of Menotti Construction Group LLC (KB-1 licensed) and a fellow real estate investor here in the Phoenix Metro area.

As a licensed contractor, I can provide insights to make sure you’re getting the best value and quality for your project.

Determined to avoid such mistakes in the future, I earned my real estate license to better understand the buying and selling process.

Licensed with permits ~$4,000.Full replacement of all water supply lines and shutoffs from the interior water meter with PEX and an open basement.  1 kitchen 1 bath 1 laundry. 

Going to property tours inspired me to obtain my real estate license in the state of Georgia; and look further into property investing and helping others achieve their real estate goals.

Key Deal Points:Loan Amount: $88,000Lien Position: 1st position Purchase Price: $120,000Appraised Value: $250,000Interest Rate/Return: 11% annual returnTerm: 5-year balloon (meaning the entire principal and interest must be paid at the end of the term)LTV ratio: 35.2%---Licensed Lending company for contractsRMLO package completed on buyersServicing company for payment