It's a highly nuanced industry that isn't very regulated so you will need to know what you can and cannot do legally and then create some personalized guidelines around what you want to fund and what you want your returns to look like.

We are relatively strict, but it has worked great.

Nevada is a unique state in it has a lot of hoops to jump through for Hard Money Lenders to lend in (versus much less regulations in most other states) - not impossible to find by any means, but Nevada is going to limit your options

I am a strictly ground up developer.

Anything over 4 units is commercial where DSCR usually goes up to 8 Max in most cases after that its strictly commercial or SBA.

This leaves a margin to cover holding costs, financing expenses, and still achieve a desirable profit.Here's the formula:Max Purchase Price = (ARV x 0.7) - Estimated Renovation CostsKeep in mind that this is a guideline and not a strict rule.

Ensure you understand property laws, taxes, and local regulations.

Too many arcane rent control regulations to trip you up.

Just make sure you don't rely strictly on the numbers, because they don't always tell the whole story.

Rentals may be tricky considering the strict state laws.