While I am definitely happy to have additional income coming in I believe that the compliments brought it all home for me especially after all the nonsense I had to deal with for just that 1 unit.The lessons I would like to pass on with emphasis in renovating is: if you are going to do something do it right, pay attention to detail, don't be afraid to spend a little extra money to buy something more premium to get an edge on your competitors if you can afford it and its just, and take every misfortune as a lesson so you can do it better next time.So the next time you are going through the struggles of doing a renovation just wait till you see the looks on your buyer/renters face and that will hopefully motivate you the way it motivated me to be the best you can be.Stay frosty BP community!

I am not confident that an offer of $365K financed with a FHA 3.5%dn loan will even be a competitor.

Take the time to develop a list of exactly what you need, and submit your proposal to the Pro desk for a bid.Since you have your proposal, you might as well take it to any HD competitors in your area, and let them bid on it.Be sure to let the manager know that you are rehabbing a number of apartments and that they could get your business on the rehabs down the line.

Basically it can automatically tell each time you drive and you can swipe one way for business and another for personal.

When I was originating, I would beat the pants off of any credit union, big bank and small broker's pricing and our refis would take 20 - 30 days at most.So to sum it all up:Might make sense to pay more to use a local broker for a fresh purchase.Definitely makes more sense to do all refinances through the nationwide lenders.One last tip: If you decide to call the big ones (Quicken loans, loan depot, etc.) make sure they know you are shopping their competitors.  

Anyone who is truly successful doing real estate shouldn't have time to train someone to be a direct competitor because they read a posting online.

For example: if a group tells you they plan on raising rents from X to Y because the market supports that, call some competitors and ask how much they rent their apartments for. 

It’s when the number of “me too” competitors gets to the point that prices are driven down and profits dry up.

That way, you accomplish the same thing, risk no capital, and learn and earn instead of learn and pay.At true pro realizes there are no competitors in any market in this business, only partners and fellow investors, and should welcome your request and appreciate your initiative.

I don't want to be in a situation where my scope of work included X amount of fixture installments and my competitor has a different X amount of fixture installments because they were not in the same site visit.