Sourcing reputable contractors via your network 2. 

I follow the letter of the law( no matter how much I may not like it) that's part of my risk management and my reputation.

If you're not conducting the work yourself, contract with reputable and competent companies.

Hi Everyone,I’m investing in an essentially turnkey (it was a flip) MFH in Woonsocket, RI and wanted to get your take from anyone who has experience in the city.I know the city has a bit of a reputation, but it’s in the Fairmount neighborhood that tends to be quite good.

. - For Private Lenders:- Vet investors based on their experience, reputation, and past performance. - Clearly define the terms of the partnership to avoid misunderstandings. - For Both Parties: - Use legal agreements to outline roles, responsibilities, and profit-sharing. - Communicate openly and regularly to build trust.

Generally, most reputable lenders in this space won't have any significant surprises with terms and fees because they spell them out upfront in the applications that they provide before you move forward with the loan underwriting.5. 

It's helpful to work with a reputable team.

Yes, @Dave Van Horn is a great guy with an excellent track record and a stellar reputation.

However, he had a good reputation in the multifamily community.

For real estate investors, adapting to these changes isn’t just about avoiding fines—it’s about protecting your investment and maintaining a solid reputation.