Spencer Ellingson Some general steps:Comps/market analysis to gauge property value.Try to gauge seller motivation.Write up the offer, include preapproval or proof of funds, justification points from analysis...Negotiate with the seller, hopefully offer accepted.Get an inspection.

You say you want to bring people down to earth as justification for your negativity but you really don’t understand the culture of BiggerPockets.Are you even a real estate investor or did you just find this site and want to spout off your opinions like any other fool on social media?

I was just posting on another board to someone who had 5k savings and wanted to buy 5-12 doors that they better have good reserves to account for repairs and vacancies.It seems like a price sensitive market - so yes, renovating the roof is just the cost of doing business as opposed to a justification for raising rent (new roof!

I'd like to hear that (not really) as most will talk about them, their network, their keen abilities as to their value in the deal......the correct justifications are not about you or any of those things, the correct justifications are shown in the market, with the property, it's condition, the degree of difficulty in moving that property in that period of time to limit risk exposures that may be present, think in terms of economic risks, financial risks, physical property risks, liability assumed.

Thanks again for your input.Gottcha.I do hope you have some justification of your numbers if anyone does bite.

So yes, I get the occasional code official who speaks down to me like I wont understand the "technical stuff" and I pull out my variance request with a justification from the code interpretation.

Class A property right now is higher risk right if you buy it for rental, not just if there's market turbulence you'll be the first to hit and appreciation is much less compare to buy multiple class B/class C.

We do have to give our clients a list of subs that we are going to use, just for legal reasons, leins and payments to be exact, one sub is all they need, if the gc wishes to change it, gc needs justification on why and who, have done it a couple dozen times.

I think these are mental justifications by tire kickers not to do anything.

I get a little burned when I hear of helicopter landlords hovering over tenants infringing on their lives, trying to look for another 50 bucks, controlling their family relationships, dreaming up bogus claims as a justification to gig the people who are buying your property for you.