Ensure that you conduct your own screening process to ensure that applicants meet your criteria.

As the foundation of real estate investment analysis, underwriting allows us to evaluate potential returns and associated risks accurately, ensuring informed and confident investment decisions.Understanding critical metrics like Net Operating Income (NOI), Capitalization Rate (Cap Rate), Debt Service Coverage Ratio (DSCR), Gross Rent Multiplier (GRM), and Cash-on-Cash Return is essential.

Ensure the homeowner association (HOA) allows STRs, as many condos have restrictions against them.

This will provide a definitive answer regarding the total square footage and ensure you base your decision on accurate data.It's important to verify all aspects of the property's description and measurements to avoid any surprises or complications later on.

Plus, managing contractors and ensuring quality work can be tricky for someone just starting out.New Construction: The Modern ApproachOn the flip side, new construction offers a different set of advantages:1.

That type of investment works just requires prudent management to ensure you have reserves or manage cash flow to cover the winter months.

If they are older, it is probably worth paying for an updated survey.4) Ensure the closing is done through a title company and insist on title insurance. 

Small and midsize businesses can not afford the quality of general manager that can successfully lead a business, wear the many hats necessary for a small business, or exhibit the entrepreneurial traits needed to ensure success.The exception used to be the high end franchises like McDonalds.  

Take time to go over the practice questions and ensure you grasp what each question is trying to ask.

Also, if you get a negative cleaning review, you can speak with your cleaners and talk about areas you can work to improve on to ensure success.