So project selection, detailed comp analysis, detailed cost analysis, an ARV based on fact. 

I inquired about the area codes they prefer, the types of houses, the kind of work they are looking to do on the properties, and other details that would help me locate a deal for them.

We cover all the ins and outs and detail out the risks associated with lending so you can make better decisions about how to proceed and protect your principal investment! 

To avoid appraisal issues with VA construction loans, work with a VA-approved builder, keep plans detailed, and stay in touch with your lender and appraiser.

., we track all the data per each fixed asset in Google Sheets and it's a part of our monthly/yearly processes to input the appropriate adjusting journal entries so the depreciation and amortization are reflected on the financial reports on a monthly basis for each fixed asset.We have a depreciation worksheet, an amortization worksheet, and another worksheet that details all other aspects of each fixed asset (placed in service date, type of property, partners, etc etc) per client.It's nothing fancy but it works for us.

.- Detailed City Stats: Includes ADR (Average Daily Rate), OCC (Occupancy Rate), and revenue by bedroom count across different zip codes, top performers for that zip and what luxury properties are earning.- Target Guest Persona: Developed based on guest traffic and behaviors, two most common guest types that travel to this market and what their likes and dislikes are.- Guest Feedback Analysis: Derived from guest reviews to pinpoint strengths and areas for improvement.- Amenities Overview: Shares % of most sought after amenities in each market- Design Trends: Trends observed in top-performing properties.- Top Property Links: Direct links to benchmark against leading properties in each marketLooking forward to your thoughts and suggestions! 

Document Valuables: Maintain detailed inventories with photos.3.

So one of my questions is would it be wise for me to try to contact the current home owner to see if they would be interested in selling the home before it went to foreclosure or at least see if they would be willing to give me any additional details about the home such as what banks holds the mortgage or if they are multiple liens on the home.

From all that I've created a detailed plan to learn as much as possible before I make a purchase.

You can check us out at Vrzic.com and if you're interested in learning more we can talk in more detail.