It's thorough, easy to use and easy to modify so you can include your own special terms such as quiet hours, how trash service will be handled, parking, and anything else that is specific to your property. 

I would like to think in a way that investment in general, and the real estate investment, start with a solid economic reason - "Why do you Invest, where you invested".To elaborate on below - Vegas is a great example where no real economic driver exists and when you invest there, you should be aware that is a highly volatile market (side note: i both 2 properties there in 2011 and 2012 and i sold both this year) and you should pay an extra attention and be prepare to reposition capital.It's clear, if you invest in Vegas or Orlando (just 2x entertainment cities) you will expect ups and downs and you need to position yourself with extra reserves and extra caution if you are planning to stay in these market for long term. 

I’m part of a real estate company specializing in cosmetic fix-and-flip projects, and we’re focusing on the San Antonio and Austin markets.

The higher appreciating plays of these will be in TX or OK but with the higher interest rate that comes with the dscr loan I'd be prepared to put more money down. 

They literally went through each operating agreement and prepared an email listing out each member of each LLC and clarifying they each had to guarantee the loan despite the fact none of those entities were even being used for the purchase (which was previously explained to Dominion Financial). 

I do a procedure every year at tax preparation time. 

Commuting isn't ideal but if you can "get on base" with a property/househack a bit outside of the city you can potentially cashflow a bit more, and benefit from an appreciating market that isn't quite as HCOL as a mecca like Boston.My brokerage specializes in multi family investments and househacks in particular around central MA.

If the numbers don't work after taxes, you've got to be prepared to walk away or get creative with your offer.

It sounds cheesy, but the best way to prepare is to work with a friend or two and role-play.

I am preparing for a few years down the road when my kids are in/through college.