I know they’re an essential tool for analyzing a property’s financial performance, but I want to ensure I’m approaching them correctly.Could anyone share examples of what a good T-12 looks like or highlight key items I should make sure are always included?

In some areas, purchase prices and value add opportunities align well with BRRRR, while in others the margins might be tighter.NOI plaus a big role in success, esepically with MF, so increasing rents and reducing expenses are key.

The key to success lies in ensuring you're entering the market at the right value.

I am just going to have enough passive income to do the things I want to do without having a w2.The key words seem to be "if needed".

You're right that the key to a successful BRRRR strategy is building a strong team and carefully analyzing deals, especially around rehab costs and ARV.

Preparation is key, and relationships are everything.When closing a property deal, the funds typically required include a purchase deposit, which is refundable during the due diligence period, and an additional nonrefundable extension deposit.

.: @Natalia Perlova1) You should have a lockbox somewhere on the property with keys to every unit so if you give notice a vendor is coming and the tenant isn't there for some reason the vendor can get access.2) A plain light switch for something important isn't a good idea for the common area.

The key is understanding your comfort level with managing multiple units right out of the gate.. 

She spent countless hours on the phone—with me, the city, contractors, and other key players—to help find the best path forward when she didn't have to.What I Learned:Insurance is your safety net: Always double-check that you have the correct policy for your project type. 

Building a strong network is key, and you’re definitely in the right place to connect with experienced investors and learn from their successes (and mistakes!)