We want to detail the responsibilities, capital contributions, profit and lost sharing percentages, decision-making process, have dispute resolution methods, and exist strategies.

Determined to avoid such mistakes in the future, I earned my real estate license to better understand the buying and selling process.

This clarity upfront helps set aligned expectations and creates a smooth start to the renovation process.

We had a mentor guide us through the process.

My post was an emotional response.

As an agent, I personally would love to hear your thoughts on how the implementation of AI will affect agents system processes or how it already has, however I would love to hear about it's impact in all facets of real estate.Apologies if this is a repeat post, I haven't searched much on the forums for this yet. 

Points and loan details are TBD still as we're just getting the tentative process down on paper as we wade into the details. 

Typically Conventional will end 42% of DTI and FHA can get up to 51% DTI (and based on your credit score I think you should stretch to that 51%) Just a few things to start thinking about as you are working through the process. 

All funds process through various channels but the PMS (with trust accounting which is very important) keep track of all the funds and then we disburse monthly to the owner. 

At the end of the day, your servicer is there to keep your loan compliant and to process and apply payments.