If you get cat urine in the house, it can cost you 10x the pet fee to mitigate the odor.

Ask for seller concessions to cut down closing costs.

And maybe diversify a little, invest half in a low cost S&P500 fund like VOO and the split the rest across 2 or 3 syndications.

Understand the fees involved and calculate the total cost for an entire year of management so you can compare the different managers.

Purchasing a “distressed” property and “repositioning” it requires significant capital for improvements, build outs, holding costs, maintenance.In looking for that “needle in a haystack” slam dunk great deal you’re competing with very knowledgable, greatly experienced investors with the cash to make no contingency offers and close in a few days.  

For flips, ensure the profit margin after all costs is at least 20%-25%.

Costing them thousands and making them lose out on homes.

My cost wont necessarily be the same or comparable as I GC my own projects and have trade skills.

Strengthen Your ProposalDevelop a Business Plan: Include:Vision: Your goal of creating a micro-home community.Market Research: Show demand for affordable or small-footprint living in your area.Financial Projections: Break down costs, ARV, and anticipated ROI.Experience: Highlight your previous fix-and-flip and demonstrate your learning curve.Present a Solid Development Plan:What is the size and scope of the project?

It’s better to spend a little now than risk costly mistakes later.