After looking into the seller’s bank deposits, I discovered that half of the tenants were chronically behind, some of them many months.

Don’t bother with an obnoxiously long house manual, make simple labels for the confusing appliances and keep them nearby.

I live in California and was about to get into not brokering. As in not buying the notes but finding them, passing to large company, negotiating with the owner of the note and taking the difference.

I have read a fe...

My lender is working with underwriting to see if I can have a smaller down payment or else I may have to label it as an investment property.

The only original HUD label still here is in closet that we want to put drywall over.

Good call on building in leasing commissions.I need to check on what's standard there.Right, I don't want to fully value based on proforma.If I need to get it there, I don't want to give it away on the buy.I usually am more concerned with CoC.My use of cap rate was a way to normalize the offers.In my head, based on price, I have some different lending options available.And at a certain point I run out of cash, and need to find alternatives.My exit cap is more of a stabilized cap since I plan to hold long-term (I've labeled them above as "cap once fully leased").I feel like if I went in at the $1M price to appease the DSCR 1.25 requirement, I wouldn't even be close on price (based on current cap rates, $/SF, and upside on leasing that much vacancy).

Everything in my life has changed over the last five years due to the diagnosis and treatment of a chronic illness.

Labeling a payment a “Finder’s Fee” does not avoid the fact that the fee is compensation received for providing real estate brokerage services and an individual must have a real estate license in order to receive such compensation .

I’ve seen expensive markets label them something else, sleeping area maybe?

Also,be careful with the silent partner label.