Legally, if this situation happened in PA, per our lease, we are not required to do anything at all.

I'm providing context for the data; I'm solving actual problems that the appraiser is facing at the moment he's facing them; I'm making the data I'm providing not just a bunch of sheets of paper, but a significant part of the process.For example, when the appraiser starts asking, "So, are these cabinets brand new?"

Reading all the books and watching the Bigger Pockets videos, everything seemed to make sense on paper but was so difficult in practice.

There are apps but a spiral paper notebook is fine.

They have most to do with the developer and the fact that you have to advance a significant amount of money against just a piece of paper without any guarantee that you’ll get either your property or your money back.There are actually two distinct risks here.

There are all sorts of ways for contractors (or any partner) to hide dollars to minimize the paper profit.

There no was lease, no papers, nothing.

Look at overall ROI vs just cashflow on paper, especially since cash flow on paper vs reality can be 2 different things.Best of luck on your endeavor!

I’ve gotten totally screwed in a good area with one ****** tenant I inherited that on paper was amazing. 5)36 cost me $16k in damage and $7k in rent...The only way to mitigate this is to screen your tenants property and I know this sounds crazy but go with your “gut”.

Real estate is illiquid.Real estate values dropped ~2008 but real estate investments are NOT just about equity on paper.