Total reno cost: $85K.The best part?

I passed this additional charge onto our borrowers without any objections, making the total doc fee $1000.There are other companies that provide automated loan docs.

@Dennis GallagherIt's my understanding that the "Income-Expense Ratio" primarily use operating expenses as the expense variable, which includes costs like utilities, property taxes, insurance, maintenance, repairs, property management fees, and trash removal, all of which are considered when calculating a property's operating expense ratio (OER).You calculate OER by dividing the total operating expenses by the gross operating income of a property.

Totally useless for making go/no-go decisions, just like the average-only market stats from RedFin & Zillow.Stay away from AI, demographic data, and average-only market data/stats if you want to "make a data driven decision towards purchase", they are all too broad/meaningless to actually help make that go/no-go decision.

Having worked in corporate architecture firm for 13 yrs before opening my own firm, I understand your basis @Jay Hinrichs and it's totally accurate.

I go inside and read my email and I have 2 emails with deliveries with a total of 3 packages.  

Haven't walked a property in years and just did one with my team a few weeks ago.I forgot the thrill of seeing these things derelict and then fixing them up.What a pleasure to see the transformation.What started as a simple dream for me of moving to the US and buying, fixing, holding a few properties and moving back to Australia turned into thousands of rehabs, many companies, staff and monsters with 17 heads lolIt's nice going back to the basics of how it all began.Just simply checking out distressed properties, negotiating, buying and fixing them up.Ahhhh, the good old days 🙏

However, this is a totally new space to me- Any advice for how to go about looking for a lawyer who works with individual investors and won't break the bank?

And you are picking a location that totally disables the #1 reason why you should buy real estate.If your first deal goes bad, there will never be a second one.

I learned the most from doing deals the most than watching podcasts so totally agree.You should be able to find more agents if you click on the "agents" tab on BiggerPockets