Paying a professional to help guide you through this process is VITAL on your first several development deals.

So I guess that was my lesson number one: all the issues you’ll have with residential agents are magnified in commercial agents and finding a good agent to work with is more vital in commercial.  

On a positive note, I am going to share some vital advice my father taught me that might help you in the future:1.

As a newbie your and other comments here have taught me that follow up is vitally important.

Knowing what a specific repair will cost is one thing but knowing how to catch those issues before they become an issue is vital. 

LOL  If there's going to be problems down the road, their advice or forethought as to the planning/building of the structure, at least the flooring/layering on top of the existing structure, is going to be sooooo vital. 

Definitely, correct tax preparation is vital, and there could be a huge difference in your bottom line if your CPA is not a real estate expert and does not do it right.

They are not the posters who have a lot to say about subject to, wraps and other creative techniques but are clearly missing vital information. 

When doing BRRRRs OOS, having the right team in place is vital.

Assessing both macro and microeconomics is vital.