🛡️Our responsibility as operators is to investigate, to poke holes, and to present only the best deals to our investors.We filter every opportunity that enters our pipeline, from the big picture down to the small details.📌 First, we filter by market:- Growing Population?

I was fitting this into an awkward schedule.The Facebook group was welcoming and fun to lurk and read posts, getting a feel for the community.Contracts in the document library were great – but overwhelming (you’ll see this phrase a lot)This was a main value for me – hiring lawyers to write contracts without knowing potential pitfalls or where I could/could not protect myself was a major concern.These contracts are worth the price of admission and only available w/in community.These contracts cover Joint Ventures (JVs) between parties, Creative Deals and non-creative deals, WRAPs, RVs, Automobiles, Leas Options, Wholesale Assignments, Hybrid docs and more.I haven’t actually gone through all of them yet.Tens of Thousands of dollars have been spent refining these contracts and just having access to this library was worth the price.

But if the debt is say 50% of value - what’s the chance of the property not “covering” the debt  and your personal guarantee being enacted? 

I then subtract that from the refinance loan to figure out how much is left in the deal.On the bigger pockets calc project cost is calculated by adding closing costs + repairs + loan amount as seen in the first picture. 

That will depend on the picture.

Sure, the west coast of Florida has had some rough years, but you’ve got to look at the bigger picture.

But planning for the long term, I would like for my real estate portfolio to cover a 9-5 job in passive income.

My current strategy is to fund the projects with 85% LTC construction loans and cover the other 15% either with my own cash or tapping into a HELOC. 

Legally (most states), a 30-day Notice MUST cover at least one rental payment period.

. 🎉 I’m still finalizing things with my lender, but before I move forward, I want to be 100% sure I’m covering all the key steps.Here’s the checklist I’ve put together so far:Home inspection – to catch any hidden issues.Appraisal – to confirm the property’s value matches the offer.Financing contingency – securing my loan approval without surprises.Title search – ensuring there are no liens or legal issues.Seller disclosures – reviewing any known problems upfront.Neighborhood research – making sure the area fits my investment goals.Are there any crucial steps I’m missing or anything you think I should focus on more?