Assuming the total cost is accurate, how are you completing this project with $750K of total committed capital?

Pro:- it’s trained to look for safety risks, expensive repairs- within minutes analyzes entire disclosure packet of hundreds of pages- works as another set of eyes that looks for things you should be watching out for, likewise of a companion - great to quickly learn of property conditions from the actual documents while on the go (given that you still follow your own due diligence process)- beta is freeCons:- still in beta- can’t share report directly unless copy and paste- only core documents (home inspection, pest, roof, tds, hazard, solar) are supported but not regional specific disclosures like hoa- estimates it provides aren’t accurate- not mobile friendly 

And dont know about Ken.. but his partner for sure was very versed in sub to.. the information was accurate as we both kind of played in the northwest sandbox . and before sub to foreclosure rescues / rent backs became illegal in about 08 I personally did a few hundred of them. 

My accountant is showing rental property passive losses to be rolled over to 2018 on my tax docs and I don’t think that is accurate.

This treatment ensures accurate financial and tax reporting, as the credit is part of the sale transaction rather than income.This post does not create a CPA-Client relationship.

.), and you've made your House Rules clear, then don't sweat the small stuff.By that, I mean- you'll have guests who have 5-star ratings but can still leave a mess or damage (other owners didn't report accurately or it was complicated) but you have recourse via photo evidence (your cleaners, etc.) to ask for reimbursement (or use something like AirCover, etc.).

Maintain accurate records to streamline applications.Call to Action:For anyone just starting, remember that building business credit is a marathon, not a sprint.

When looking back, that isn't an accurate way to do it for a variety of reasons, plus it is a hassle every time to do the math and collect.  

Putting numbers on it would help give you more accurate guidance.

If you can get it built/sold in 12 months and are accurate with your ARV the underwriting looks decent.