Quote from @Patrick Osterling: Hey Gabe, we manage a growing portfolio of a dozen STRs across 4 markets in 3 states.

You should know how you can contest your assessed value, especially if you are buying the property for below current assessment.You should understand if there are any tax abatements available today or in the future.There are real estate tax consultants in basically all major markets, or your real estate agent can likely help with some basic questions, as well.

For water, is it best to hire a plumber to come out, turn on, and assess?

Ugh, Madhuri, as someone who is heavily invested in Detroit and helps a LOT of out-of-state investors get started there, this makes me sick.I talk to about a dozen folks per week looking to invest in Detroit and I've heard my fair share of Flip Systems folks.

I've sold dozens of homes during the so-called Eligible Date Range, but figure any payout will be peanuts after all the lawyers get their take from the top. 

Thorough vetting is absolutely essential in private lending to mitigate risks and protect your investment.Here are a few additional tips to enhance your due diligence process-Assess Their Exit Strategy: Whether it’s a flip, rental refi, or sale, make sure their exit strategy is realistic and aligns with market conditions.

Ca has been passing statewide ADU laws for the last half dozen years.  

Perhaps a strategy to explore would be to buy in cash, exploit the buying power and get a better deal, stabilize the property over 12 months, have a better assessment of the properties expenses, then finance the property. 

I'm here in Orlando too and have helped dozens of B.P. members purchase STR here.

**Risk Assessment**: Lenders use the DSCR to assess risk.