Make 90% of your errors on paper.  

I would send your client to a really great architect like Jones Pierce who has the expertise to get their dreams onto paper and properly manage the homebuilder. 

I don't think they do.... you don't want to buy something which is only nice on paper.

And, all commercial loans I've been privy to care much more about the DCSR than the paper value of the thing.Unless you're trying to save your first 4 conforming loans for other purposes, I'd first look at getting separate loans for each property from the same lender who's using conventional FNMA guidelines.

The cheap homes look good on paper, but cost a lot more as they often attract less desirable/more problematic tenants.

Adding...turn over and vacancy seem to be the big topics that BP doesn't discuss.SURE a C- property looks like a winner on paper. $800/mo for $40k is 2% rule, that's crazy!!!

Search on google and your state and "white paper" on tax liens.   

Put deal on paper with help of mentor buy discussing pro cons and possible cash flow8.

The numbers may look great on paper, but if there could be a larger threat to your safety than you bargained for, websites like neighborhoodscout.com can help you navigate that dynamic before learning the hard way!

It's all within a 5-7 day business day period, which is normal for paper checks and banks.