Developing a solid financial plan is essential.

Key takeaways include:Thorough Due Diligence: Ensuring all aspects of the sponsor's background, financial health, and track record are meticulously examined.Consistent Criteria: Applying consistent criteria across different sponsors to facilitate objective comparisons and evaluations.Continuous Monitoring: Regularly monitoring the sponsor's performance and financial stability throughout the project lifecycle.ConclusionSponsor underwriting is an essential component of successful real estate and investment management.

This essentially makes the buydown payment no different from just paying the money upfront.

So thank you for mentioning it and sharing your thoughts.Strong property rights are indeed essential but they're wishful thinking if you can't have a profitable investment in the first place and I'm not sure how you could get any decent return by investing in El Salvador.I've heard great things about how the new president has tackled crime.

I am new here, but I have been watching videos from the Bigger Pockets team on YouTube for a few months. 

any videos you would recommend? 

I've been watching a lot of videos from https://www.strlawguys.com/ but this is going to cost a good chunk of change to setup a fairly complex protection structure.

But try this: https://www.homewyse.com/services/cost_to_estimate_home_remo...Let me ask you this.....I was even considering offering a service to 'walk the property' via video conference and throw out some rough numbers....do you think that would help people?

. - Look for properties with a large backyard and/or detached garage that would work well with an ADU and learn the ins and outs of the new CO laws that essentially have rezone most of the state to require approval for new ADU construction.- Underwrite the property to breakeven or small positive cash flow as a standalone long-term rental to a single tenant.

BP offers free online videos and educational courses for you to watch and learn from.