Quote from @Kevin Sobilo: I plan to find a couple of comparable properties with different zoning to demonstrate how zoning increases/decreases value.

A DSCR of 1.25 or higher is usually required.Property Appraisal: A professional appraisal to determine the property's value and income potential.Business Plan: Lenders may require a detailed business plan outlining your strategy for managing and profiting from the property.Experience: Demonstrating your experience with smaller multifamily properties can be beneficial.

@Monica Juarez-GonzalesYour extensive real estate experience, including owning small multifamily units and participating in syndications, demonstrates your commitment to portfolio growth.

Partner Driven utilized its expertise in deal structuring and the local market to flip the property quickly at a higher price point, demonstrating our ability to maximize profits without heavy investment.

How you approach the mentor demonstrates how you will approach real estate investing.

That's terrible performance and demonstrates your PM lacks the necessary skills to protect your investment.Even if you did find a renter, this home is a loser.

They have one beverage too many, get an idea in their head that they can fix their problems by purchasing a short-term rental, and all they have to do is click a button to ask their question.I wouldn't bother sending financials to anyone until they show a pre-qual letter from a bank to demonstrate they are slightly serious.

Below is a comparison of Texas and Nevada.Sources for insurance and property taxes: Insurance - ValuePenguin, State Property Tax Rates - Rocket Mortgage.In order to demonstrate the impact of taxes and insurance on net rental income, I compared the overhead costs of a $400,000 property in Texas and Nevada.

The gold standard is what your intent was for the property, and how you can demonstrate that intent if ever questioned.

This project demonstrated the power of smart improvements and teamwork, delivering a strong return on investment.