Pay close attention to the capital stack, how much debt there is, how much preferred equity there is, how much the GP is co-investing, how much they project rents to rise organically every year, what exit cap rate they're assuming, how much cash reserves the property/investment will have, how much does the deal returns change when you add 50-200 bps to the cap rate, what is your breakeven occupancy and exit cap rate, and a bunch more. 

Not that its impossible to get creative financing or that its bad to start investing I'm not saying that by any means at all the earlier the better but the safety blanket is small with no reserves for an expensive learning experience which in this industry is likely. 

@Ray Dixon, most of my clients and experienced investors have at least $5k set aside for each property as a reserve fund.

Thanks  If you have the insurance company confirming what the amount is,they should pay in installments.

With Baselane we just budget better with an actual reserve account.We also use partners like Obie to get savings on Insurance. 

@Dan H. some other Qs and notes in the deal:* we will be managing the property ourselves* what assumption would you make about % of income reserved for maintenance?

The extra cash will help because it shows that you have reserves, but you wont automatically get a sweetheart deal just because you have X amount of cash. 

You get your confirmation via email.

No good answer.My automated Vrbo message asks for a DL and confirmation of number of guests plus any pets.

I’m really just looking for confirmation on what I think I know, advice, clarification.