Banks do not tell you when they report your transactions as suspicious to the government.Many transactions over about $9500 ($10,000 is a soft cutoff. 

They typically do a soft pull close to the closing date to ensure there are no new debts or significant changes in your credit profile.

Really fun activity but also requires alot of energy and meditation to determine the right kind of structure to grace the land and also frame the view of the soft prairie slopes.So I travelled to Sedona I didn't buy property there I wish I had that kind of wealth haha.

Quote from @Account Closed: Hey guys,I have no experience but after looking at all my options I have come to a conclusion that my best move is to buy land and develop multi-family apartment building (15-20 unit) 2 story somewhere between Miami Jupiter.Budget for everything 3MDone with cash + 6% line of creditLooking for long term holdI would love to hear any insight on what areas I should look at, ballpark of build price (hard costs and soft costs) and would love to network with anyone in the area on this.ThanksIf you're looking to develop a 15-20 unit multifamily building with a $3M budget between Miami and Jupiter, there are a few key things to consider:Land Budget: Aim to keep land costs around 10% of your total budget.

We're currently looking for ways to streamline supplies for cleaners (toiletries, towels, item replacements) and handle small handyman issues.

I also reduced a lot of the soft expenses (office, accounting/legal).

If you throw in the towel after one failure, I'm not sure you've really learned anything.

Soft Costs and Professional Fees - Could you share insights on budgeting for architects, engineers, project managers, and legal fees?

Hell, I might be even-steven if we had one, and I'd bet money @Russell Brazil and @Nathan Gesner would be there with me despite the fact they're two of the smartest dudes in here because they're not soft pedalers.

The only thing interesting in 2024 WC defaults is the vintage year, which is over 35% 2021-2022, meaning a lot of recent borrowers threw in the towel in short order (no pun intended).