Think of it this way: if we were to screen tenants on criminal background, credit, eviction history, landlord references, and income (3X that of rent and employee verified), even with 25 tenant applications, it's difficult to find a reliable tenant to match all those criteria.

Generally, for the optimal refinance, these are top of mind for BRRRR strategy investors:Return of capital: The key “secret sauce” of the BRRRR method is to build portfolios using the same capital over and over—which relies on getting your basis (or more) back on the refinance, where basis refers to the money you invested in the property (down payment and cash used for renovations).Speed: Refinance lenders use the term “seasoning” to refer to the amount of time (typically in months) between the purchase of the property and the refinance.

Borrowers will be provided an upfront disclosure detailing this information.Contractor(s) Acceptance: Ø does not “approve” contractors or refer contractors.

Would love to know how are you able to get interest rates so low - in the high 3.xx% when 10yr US Treasuries are > 4% and regular property investment interest rates are > 6%.

The distinction is that 4 units or less is referred to as residential/small multifamily, and 5+ units is referred to as commercial multifamily.Here are the CO state guidelines for "Motels, Hotels, And Multi-Family Dwellings": https://www.sos.state.co.us/CCR/GenerateRulePdf.do?

Since we have not worked with this group before, I am hoping to get some references.

Only issue I see (I am huge into data for my day job so I run numbers on cities on a regular basis) is that there has been population decrease in last 5 years.

I also refer him to all my clients as well.

Do you check Landlord references?

It's also about your ability to access the Sponsor's financial and managerial documents on the go so you can control and check what is happening regularly.