To protect your margins, it’s crucial to have a solid understanding of costs upfront, consider negotiating long-term prices with suppliers, and prepare for possible delays in renovation schedules.In both scenarios, it’s often safer to focus on markets with strong fundamentals (stable job market, population growth) and properties at or below the median home price in the area to appeal to a broad buyer base.

Worst case scenario, if you wanted to go with another lender, you can have the appraisal transferred, typically as long as it was ordered through an Appraisal Management Company.

Quote from @Emily Mohr: Software is a common question on BiggerPockets.

Purchase price: $1,300,000 Cash invested: $260,000Brusly Commons Retail Center11,000 SF retail center located on Hwy 1., which is a major LA State Highway with heavy traffic.

Software is a common question on BiggerPockets.

As a newbie, it is easy, and common, to head down multiple paths chasing shiny bright objects, with many of those paths just leading to time wasting and increased experience in learning what you don't want to do.

Interesting to hear that people aren’t familiar with this as it is very common.

Structure the agreement using tenants-in-common or joint tenancy, outline a co-ownership agreement, and consider financing options like co-signing the mortgage.

Maybe run a few scenarios...what if interest rates climb higher, or if property values plateau?

I let my emotions get the best of me immediately assuming a worst case scenario.