Keeping contemporaneous records is critical.

Keep in mind, though, that each lender has their own criteria for how much future potential they’ll factor in, so it might come down to some skillful negotiation and presenting detailed projections that don’t feel like puffery.Just be careful not to come off as overly speculative…lenders tendd to shy away from what sounds too good to be true.Anyway, I’m curious.. have you spotted any other investors in Gainesville facing a similar refinance puzzle and what kind of terms were they able to secure? 

My advice would be to keep leaning in on this strategy and let the other investors battle over investing in Cleveland and Detroit.

Land is only good if you have a warchest to immediately turn it from dirt to cashflow or sale so keep this in mind when you're going forward.

We routinely turn off boilers during the summer to prevent them from running to keep up to temp all the time during the warm months.

My last deal was an exact wrap at 3.5% granted I had to put $80k down to pull it off, but it’s a great way to keep the train on the tracks.  

Keep moving the goal posts back until the desired outcome is achieved. 

This generally keeps people in check.  

In 2021 there were two competing ballot measures that the citizens of Denver voted on - one measure from open-space advocates that would "keep status quo" and continue to prevent WIP from developing this parcel, the second measure sponsored by the WIP themselves that would exempt the property from the current zoning restrictions. 

I expect I will make mistakes in this deal so it is a nice small one which will keep my mistakes small as well!