I have a question on the FINANCING of the first BRRRR purchase. can someone explain what is the best way to finance the first transaction - is it a traditional loan with 20% down or should it be all cash / etc?

.), and then when the potential tenants called in, I would speak to them for a few minutes, explain the requirements, get some sort of verbal confirmation on some or all of the requirements, and then invite them to different showing times I had set up.

On draw #3, the tediousness of this process, which caused delays, and then an extension form was requested where we would need to explain the delays, was really getting to the both us, and my GC vented to me his frustration about the delays in payment.He's been really patient and understanding, his team works fast and they do good work.

@Eugene Moore thank you for explaining.

Supervisor to explain what I was trying to accomplish, they said that shouldn't be a problem as I am not adding a unit and the building is a physical address.

Why don't you explain to us why @Stuart Udis is wrong? 

If that tenant confirms what happened with the police coming etc, then I would explain to them that the lease contains clauses prohibiting disturbing other tenants and neighbors etc.

I always explain ARMs like so: If you plan a vacation out of state for 5 days, do you book your hotel for 5 days or do you book your hotel for 30 days? 

Others might be fine with taking risk, but least by doing this a person can get an idea of what might go wrong.e) Legal document analysis: it will usually take a few days to go through the legal document properly, as almost inevitably there are tons of gotchas that either have to be explained, or mitigated with a side letter.That is the very short summary of what I do.

If you're looking to invest OOS you should check out this Bigger Pocket Blog here: Core 4 Members of a Profitable Long-Distance Real Estate Investing Team (biggerpockets.com)explaining what's needed and how to build your Big Four team so you will have boots on the ground ready to move full speed ahead when you're ready to pull the trigger.