Building homes always comes with surprises but the best part is that our clients don't feel any of that.

However if I was an agent, broker, GC, etc I do not feel that it would be my responsibility to verify the underwriting.  

This included modernizing the kitchen with high-end appliances, upgrading bathrooms with spa-like features, and adding hardwood floors for a luxury feel Lessons learned?

Feel free to reach out for more details.

I feel where you are coming from.  

I’m not local, so I’m trying to get a feel for what it’s actually like making deals in this market right now.

If leveraging equity feels too risky, you might consider using a portion of the equity to fund your next property while keeping reserves intact.

Hi Adam,The seller pays the seller commissions and (usually) covers the buyers commissions as well so you shouldn't worry about those fees.The 10% vs 20% I feel like is a personal opinion.

I'd been working and saving for many years, however, did not feel it was enough.

(I personally prefer $2M/year and I think that cash flow is plenty enough to cover any mortgage risk along the way, but there's no doubt some people would feel more comfortable sticking to the $24,000/year and that's totally cool too!)