Successful fisherman know that 90% of their time and effort goes into planning and keeping equipment ready to perform and not actually hooking or reeling in the catch..often closing on a popular or active vacation rental (often in a competitive market) happens along the same lines (no pun intended).

If credit is healthy and the property performs from an income standpoint you may be able to go up to 85% on this transaction. 

You make the assumption that when a note is called, there is time to perform your suggested options and that everyone will agree to do so.

While many will also create LLCs or other entities and perform other services, that is not their core function.

A cost segregation study was performed on this single family home in Fort Worth, TX purchased in 2023 with a depreciable cost basis of $272,633.

The procedure, timetable, and any legal or regulatory requirements should all be understood when performing due diligence for a purchase.

I just started experimenting with Downtown Detroit with ATTOM's "sales snapshots" and I haven't gotten that kind of performance yet.

Owners mistakenly ASSUME all PMCs offer the exact SAME SERVICES and PERFORM those services EXACTLY THE SAME WAY, so price is the only differentiator – so, they often select the first PMC they call or that calls them back!

This time frame is crucial because it allows for you to perform your due diligence on the property before fully committing to the contract.

I have continually preached (since 2018) that cap rate compression (and interest rates) is what landed the historic 20+IRR returns, not operations, which is why so many people have been, and are still, in hot water right now with being forced to perform via strong operations.Today, we find ourselves in a much different situation.