Unfortunately, if you are hasty and/or don't underwrite your first deal properly, it could become an expensive mistake.Reach out to me to chat if need more guidance...

I know someone who installs security systems.

Take ownership of your mistake and learn to do the proper due diligence recommended above😊

Make sure you understand how to analyze the deal properly and understand the upside and the  Market.

I should have asked about that and determined whether each of them contributing 1-2% of the deal was enough to properly incentivize them if that 10% equity was split among all GPs.

I’ve found that as long as they’re somewhat insulated and well installed the color won’t matter.

Since then, he has had to replace the windows (the seals got old) and now he has to install all new plumbing.

Proper is a rep for Lloyd's of London.

I tried to estimate what a GC might cost in my calculations, but I have an uncle who does roofing and cousins with window installation and landscaping businesses, so I believe I can save some significant costs through their help and guidance. 

:Class A Properties:Cashflow vs Appreciation: Typically, 3-5 years for positive cashflow, but you get highest relative rent & value appreciation.Vacancy Est: Historically 10%, 5% the more recent norm.Tenant Pool: Majority will have FICO scores of 680+ (roughly 5% probability of default), zero evictions in last 7 years.Class B Properties:Cashflow vs Appreciation: Typically, decent amount of relative rent & value appreciation.Vacancy Est: Historically 10%, 5% should be applied only if proper research done to support.Tenant Pool: Majority will have FICO scores of 620-680 (around 10% probability of default), some blemishes, but should have no evictions in last 5 yearsClass C Properties:Cashflow vs Appreciation: Typically, high cashflow and at the lower end of relative rent & value appreciation.