Hope this helps, and good luck with your next deal!

When I attempted to do a similar flip in another county in Texas, where I was unfamiliar with the nuances of the area, my “slam dunk” deal ended up as a $40k loss!. 

Hey Tim,Sounds like your lender is underwriting this as a multifamily deal instead of two separate single-family townhomes, which is probably why they’re pushing for duplex comps.

He had the deal at a steal of a price. 

Generally, a good property manager will make sure to do the following:- rollout a strong marketing plan - thorough application process - know the fair housing laws- have the vendor relationships to take care of any emergencies that could happen- dealing with late fees & evictions!

@Bridget HustonWelcome to the community and be ready for a huge amount of information at your finger tips.

If so (very rare deal!)

I think you have the basics of meeting partners and people to work with in your local market and seem to be well on the way with two deals going already so big congrats there!

Unfortunately, every transaction is different, and oftentimes some transactions are more tricky to deal with than others.

You might’ve rate-shopped a bit early, but it’s not a deal-breaker.