Once completed, the goal is to get them rented and then pull money out of each house to build a high performance spec.

Just wanted to avoid mixing family and business  

To clarify, I have been studying real estate for several years, but have been otherwise engaged in operating  other businesses that my wife and I both own, both as CFO and CEO roles.

Purchase price: $140,000 Cash invested: $55,000 Sale price: $255,000 My business partner and I took on this Arlington property as a fix-and-hold investment.

But sure as heck not impossible, it just takes a commitment to learning a very complex detailed facet of business and regulations. 

Aaron I would not pay but if they wanted to have this added I would have a licensed electrician perform the work. 

Quote from @Jeff Skinner: I am just getting started in my real estate business. 

I know they’re an essential tool for analyzing a property’s financial performance, but I want to ensure I’m approaching them correctly.Could anyone share examples of what a good T-12 looks like or highlight key items I should make sure are always included?

"Chasing" after a tenant is not good business and will waste a ton of your time.

This is a business purpose loan and will have a prepayment penalty and possibly cost a bit more than conventional financing.