Keep it straightforward at first, but know that experience is the best teacher—mistakes are part of the process and will help you learn.For ARV (After Repair Value), start by running comps (comparable sales) on recently sold properties in the area that are similar in size, style, and condition to your planned rehab.

We only learned this meeting with the towns assistant commissioner of planning who was a co-worker of my wife who worked in city planning for a while.

Evaluate and execute flips using software, monitor rehab, and plan exit strategies.

Or are you planning on renting rooms out (house hacking) while you still live there?  

Its like we are all BP members so you owe it to me to write my business plan for me.. 

Just PLEASE don’t “forget” to tell them your plan. 

@Michael IzbotskyAn estate plan serves several purposes, but, in CA, yes, particularly to avoid probate.

I'm a big believer in Multifamily and definitely in my medium-term plan.

@Travis TimmonsThanks for the insight and I would like to connect with you and have a conversation, I’d like to come up with a game plan as I plan on cohosting.

If we buy this loan, we need to have a thorough game plan on how we are going to be resolving this and understanding these dynamics is key to managing expectations and protecting investments.Sounds like a deal more for someone that buys partial inheritance estates and spends years piecing it together than a note investor.