And these groups often bring in experience working in the space prior to even launching company.  

Your realtor should have walked you through this prior to writing an offer for the property.

Proof: Go find a landlord who bought in '18' and prior and ask them how there doing.   

In hindsight, I should have checked the code prior to purchase.

I've seen fixed fees if the borrower is holding up the loan and not signing, but this is usually after you get clear to close, not prior to appraisal.

We can even have it listed on airbnb...etc prior to closing.

I found myself attending in-person networking almost weekly prior to the pandemic, but we live in a different world, and the digital shift has made it harder.Currently looking for personal investment deals in the area, and also passionate about connecting other local investors with trusted service providers.

Recommend requesting the seller’s existing ALTA Survey, building plans & floor plans, site map, seller’s prior Phase 1 & environmental reports (easy for them to ask lender for copy), full rent roll detail (including renovated/classic unit indications by unit, sqfts, building #’s, full detail), aged receivables report (will allow you to identify hidden delinquency / bad debt yet to be reflected in T12’s), general ledgers / capex ledgers back at least 3 years to ID major capital projects or damage that wasn’t disclosed initially.

They deliver an envelope that has a notice we own the property, instructions on how to pay rent, how to request repairs and two lease offers. 

If your real estate acquisition sale is insured, you would either wire funds to escrow with closing instructions or write a cash line check.