(I’m ignoring any extra cap-x because you said it was a condo, but you’d also add any major cap-x to cost basis).

Whether it's completing paperwork or obtaining third-party accredited verifications, attention to detail is paramount.Never assume that raising equity will be easy.

The reality is the opposite - if it's not in writing then the PMC doesn't have to provide the service or can charge extra for it!

Let me know what thoughts/reactions you have here, and I will incorporate into my more detailed blog publication coming in a few weeks.

I have a potential private lender, but I need to determine if this is a viable investment opportunity and explore the best financing options You posted this same thing three times - in two it was a 36 unit and in the third a 32 unit.Do you have any other details about the transaction or perhaps wish to share your initial analysis so the volunteers here can poke holes in it or tell you why you're right?

How much is that extra 5k worth when it takes 3, 6 months to get it rented and then you are over budget.

Finally, of the extra $200k, how much are you putting into operating reserves? 

In a perfect situation, the payment will still be delayed (even if by hours) using this additional system.And secondly, many of these vendors have "clawback" provisions where, in their terms of service, you give them permission to go back into your account - even weeks after the fact - and reverse a deposit that was made by your tenant.My system is simple, allows for tenants to pay through multiple means, and does not cost me anything extra.

Shouldn't be any extra taxes involved.

For example, this can be adding square footage, adding an extra unit, or adding a pool in a STR market/luxury market.