Quote from @Xavien Rafael: Year 1: Building the FoundationThis year is all about setting up your structure, building your business credit, and laying the groundwork for funding and scaling.1.Open Your LLC:•File your first LLC and elect to file as an S-Corp (if applicable to your tax situation).

We are also working on export to Word doc functionality for the SOW which will allow you to export the SOW to Word so you can make additional customizations.I'm a bit of a perfectionist and still want to improve the functionality of some of our tools before we start charging for the software, but I think we will likely be ready to officially launch sometime in April. 

Finding how much you are charging on other platform and what is your occupancy rate.Of course the platform is always more friendly toward the buyers because that is where the money is coming from.

In my market there is only so much you can charge for a house.

There are some lenders who specialize in lending for double closes and will basically send you the money for a couple days but I personally haven't done this and don't know what the charge.

Is your DSCR ratio greater than 1-meaning are you cash flowing (according to the lender's criteria of mortgage, property taxes and insurance (and HOA) if applicable).

I own thirteen mobiles in one of my parks and the only way it pencils is that we A) take very good care of the homes staying ahead on the maintenance, B) Rents are high in the area so we can charge $550 over the pad rent which is $450- so $1000 per month.  

Hi Kevin,I have a couple of rentals in Fredericksburg and I allow pets (charging a pet deposit and monthly pet rent to cover damages and wear and tear).

For example we largely scaled our portfolio with conventional loans, but when considering our overall application for a new conventional loan we don't get flooded with details on the other properties because it's incorporated into a business entity. 

I think they charge 2k or 2,500 or something and they'll do some legwork on the tax sale and then I believe they work with title companies so that they can insure the title (maybe they underwrite the title policy or something, i don't really know how they work).