For both the applicant(s) and a co-signer, you want to understand their habits...financial, employment, legal, character, etc., as Bad habits in one area typically carry over to other areas, and will land you a poor Tenant (or co-signer) choice.

In practice how Mello Roos works is you create a political subdivision and apply to the county they approve the area for the Bond issue.. you need Bond council and a investment bank to create and sell the bonds. once the Bond issue is approved this allows the developer to get a Bridge loan to build said improvements ( that are usually 5 to 50 million or so) Once improvements are in  and taken over by the county the Bond money is released and is used to pay off the Bridge lender..

@Sharon McCants - I lean toward the advice from @Jonathan Greene on your question.Years ago, I made the mistake of forgoing quality for quantity, which led to headaches and a fundamental change in the way our company operated and in the way I personally invested.

Richard,Due to higher rates a HELOC can sometimes be a financial burden and a deal killer down the road.

Finally, accountability is key, as we take ownership of our actions and results both individually and as a team, creating a foundation for trust, growth, and long-term success.

And, as others noted, it also can greatly depend on what you plan to do with the cash, if you aren't investing it in this house.  

I believe the PM lives an hour and a half away (purchased PM business that we were previously using) and didn't visit the home before sending out the plumber because they didn't seem to know any more details about the invoice than what was written in the description.

I'm talking to the seller's broker, but I would like to find my own people to assist with the due diligence period, such as an SBA loan broker, an accountant with experience doing QoE for this kind of transaction, and a lawyer.

@Jason Porto we own mostly multiunit in the Chicago suburbs in the Berwyn area, and as I have scaled up I set aside $2,000-$2,500 per unit for reserves.

I have a property with a house up front and a studio duplex in back.