Confirm the current leases and security deposits.3.

I've had VA loans where we only have one paycheck prior to closing, and one even where the first paycheck came in right after closing but we otherwise confirmed that work had begun before closing. 

@daniel dietz..... one confirmation I would love is the pricing.

I’m still saving for purchase price and reserves, but while I do that, I heard on the podcast to try to just analyze one property a day and after a month or two it’ll become much easier.

If you're reserves aren't getting enough to cover inflation, you are going backwards.About my best idea is to look at your time frame.

.**= Again, confirm with your CPA what your specific bill would be.But, for rough math / estimation's sake, it sounds like a "probably" - is that a fair takeaway?

I have about 10-15k to play with which should be enough to cover closing costs and have a small bit in reserve If I can't find a Tennant.

$23000 plus you or Mom need a cushion for reserves as you won't rent it day one.

Hello-New to hard money but not to rentals, I own 5 doors that I have funded myself but want to keep some reserves so looking into hard money for my next deal and will refinance into a conventional loan to keep the property.Are these typical hard money terms or is this too much?

This money can used by the Landlord to pay their mortgage, set away reserves for structural and roof capital expenditures and most importantly, put money into their pocket.