That should really be the deciding factor...is it necessary and a large enough project to include the permit process?

My main goals with these initial projects are:1.Gaining valuable insights into the local market.2.Getting hands-on experience with out-of-state investing, particularly when it comes to remodels and managing from afar.3.Testing the entire BRRRR process to see if it’s the right strategy for me long-term.If all goes well, I’d love to scale up and explore multi-family projects.

Coos Bay - The main delay with application in this area is whether the property is on public utilities or has a septic system and private or public water source.

From my understanding, as long as you intend on doing a STR when you close, there are no rules against changing your strategy after closing, especially if you find that something else is more profitable.So in our case, the lender determined an STR would bring in ~$3500/month (with all of their conservative factors), but now that we operate it as a huge 3300 sqft Co-Living property, it actually brings in $7000/month.

You will also have to factor in the closing cost for the new loan.

I guess there has also been talk of moving some government entities out of Washington, like the FBI.How does all that factor into your analysis?   

Hey @Stephanie Medina, so it sounds like this is the sewer main line right?

As a family-run business we’re curious—what factors do lenders prioritize most when evaluating projects like ours?

- Depends on a variety of factors Also, as a real estate investor, can I write off 100% of the education travel for real estate, such as the Bigger Pockets Cancun conference?

Right off the main drag.