Future deals should include a 10-15% buffer for unexpected rehab costs.- You should consider some other lenders.

I am a SAHM working to get my real estate license, and trying to jump in the RE with my husband.

Now, think about the acceleration of technology and imagine 200 years into the future.

Buyer's agency agreements were already required here before, our regulatory agency just went from strongly recommending them be signed right away but not really requiring them until writing a contract to 100% requiring them to be signed prior to showings.

Get everything in writing!

I've been thinking a lot about Florida and I believe it's a great state for future potential investments such as purchasing and renting out (utilizing the BRRRR Method Of Course).

This is an old thread that was revived with the recent reply, and re-reading it now, I want to correct a couple things. 

Thats your bonafides to being able to do future deals.As mentioned above, keep your credit perfect.

Your income needs to be 100x it and you need to invest 10% of your net(so less than $5mil) annually in structured product type investing incl RE, let it season for 3-5 years, re-invest the first bit of profits and by year 8-10 you should be comfortable.$500k annual income is alot for your average folk, but it's not "retire me" income at all.

The problem is you don’t know who is or isn’t until after their future forecast is either confirmed or denied.