How did you look for funds for your first project?

Now the Team Lead is handling the clients of the Associate Realtor.THE CHAOSOnce my Realtor left, the team lead shared that the initial contract that I completed for the purchase of the home was not completed in full.

Usually, they allocate a certain percentage of the loan to each house when you initially close your loan - based on values but then they also add a premium for the release so you're paying 110 or 120% of the allocation of the loan when you sell..So lets say you have 4 houses and three of them are worth 100k and 1 house is worth 200k.

After that, the tide usually reverses.STRs typically have large tax losses in the initial year of operation - but only in their initial year!

They often chose worse than you even thought.I just got good at flinching during the initial walk-through but you took it to another level! 

If you can stomach that initial phase you'll be in a great position when the property is cashflow positive and worth considerably more. 

Initially, I went through recommendations from friends or acquaintances. 

My initial concern was that my land business needed something drastically different than what Left Main was actually built for, and my purchase was a bit of an impulse buy after a slick presentation by their sales team and owner. 

New construction in appreciating areas offers long-term value growth, minimal repairs, and potential tax benefits, but often comes with higher purchase prices and slimmer initial cash flow.

Also, what are the most important metrics you go through during the initial screening of a listing?