Make sure the term is something you are comfortable with.

Besides making our house prettier and more comfortable, something we can enjoy while we are here after the renovation,  all these things will certainly add a lot of value to the house.

The HUD is a legal document...but OK, you can claim it's bunk if you wish as I know it makes you feel comfortable.

I just would feel more comfortable getting an attorney to at least review my docs.

Now after all that, you have to go to a lending institution a second time and try to get a loan and there are many requirements to getting loans in todays environment which make it difficult.

I just talked to an agent today and told them I didn't feel comfortable investing with them without having a chance for a property inspection.

The intent is the sponsor needs to know enough about investor to feel comfortable the investor has the financial knowledge and acumen to properly evaluate the potential risks and benefits of any investment and the financial stability to invest capital for a 5 to 7 year period.Topics of discussion with sponsor would be:Income, credit, job stability, prior investment experience either with real estate or other asset types, education level, occupation and profession, amount of savings or funds in retirement accounts.Hope this helps.

Realize some of the examples take you and your family out of your comfort zone.  

As an agent, I have been seeing insane numbers being offered on properties where there is no way the rents can possibly make sense.I'm curious how people are spending so much on multi-family properties, especially in the current rate environment.

I had to have the visceral experience of committing to a 30 year obligation was 5 times my annual salary and then watch it work out relatively risk free (because I have to live somewhere) to feel comfortable making multiple six-figure commitments.