Now....back to the owners, I still wasn't sure if they just wanted her out so they can increase the rent by $200 which they could easily do for that home, I kept a note on my calendar to continue looking for confirmation that they indeed sold the home and finally, this week I found the deed transfer to the new owners the day after we moved my Mother out of Florida. 

We were verbally guaranteed, as well as guaranteed within our contract, that we’d receive the funding of our first tranche (20% of loan) in no later than 75 calendar days and then the funding of our second tranche (80% of loan) in no later than 75 calendar days from the funding date of our first tranche.

(On a loan we where told they SCC) and 20,000 due diligence fee to Zoomeral/ David Hughes on 1/11/2023 At that point, We were verbally guaranteed, lots of emails, text as well as guaranteed within our contract, that we’d receive the funding of our first tranche (20% of loan) in no later than 75 calendar days and then the funding of our second tranche (80% of loan) in no later than 75 calendar days from the funding date of our first tranche.

Even though my cabins are fully equipped for long term, I’ve never gotten a month long stays and although this is not impossible, I personally would never spend $3-4K (considering 1 bedroom hiuse) on a vacation in Big Bear :) not that I don’t like the lake so much, but for the money I rather travel to South America and explore mountains and have new experiences in Chili.Quick tip to get your calendar solid and the cabin more profitable: when you have those weird one day gaps between bookings, offer those to your existing reservations. 3 out of 10 people will stay longer so I just send them a money request and they pay for one more night at 40% off.

Current as-built drawings, plans & specificationsDescriptions of buildings, physical aspects and systemsSite Plan (with dimensions and identifying tenants and vacant locationsPhase I and if applicable Phase II environmental site assessmentProperty Condition ReportStatus of ADA compliance (including ADA plans)Warranties (HVAC, roof, insulated glass, etc.)Existing exterior, interior, and aerial photographs of PropertyFloor plans with tenant location (CADD/PDF files)Any and all Leases and Tenant correspondenceAny and all Service ContractsGeneral Ledger for the past 3 yearsThree year history of delinquency and bad debtMost recent detailed billing statement for all TenantsTenant ledgers for previous calendar year & YTDCertified Updated Rent Roll and Certified A/R ScheduleList of security deposits and prepaid rentLeasing update (pending deals, LOIs, renewals, lease-up projections)Future Tenant improvements and leasing commission obligationsThree year history of tenant improvements and leasing commissionsCurrent year detailed operating budgetYTD budget vs. actual analysis for current year & 2 prior yearsThree years of operating statements (revenues & expense) historyCapital items/budget forecast (3-year projection)Three year history of capital expendituresProperty Tax bill for current year and previous 3 yearsCurrent Insurance CoverageThree year history of insurance claims and incidentsTenant’s sales volumes for at least 3 yearsThree year occupancy historyExisting appraisal report(s)Confirmation of ZoningCertificate of occupancy/use permitsStatus of pending litigation and/or threatened condemnationMost recent title insurance policyMost recent as-built surveyCAM Reconciliation for prior 3 years

I plan on getting into my first deal within the current calendar year, but this info would definitely give me a good idea on where I currently stand as compared to the more seasoned and successful investors. 

I’m just starting and will focus on wholesaling for the rest of the calendar year.

Here's the lowdown:Time Logs and Calendars: Keep a record of your work hours in the real property game, it'll come in handy in the unlikely event of an audit.Contracts and Invoices: Hold onto those contracts and invoices like they're gold.

Rehab time on a calendar timeline takes much longer, so holding costs are higher. 

I'll put Wednesday on my calendar.