Key takeaways include:Thorough Due Diligence: Ensuring all aspects of the sponsor's background, financial health, and track record are meticulously examined.Consistent Criteria: Applying consistent criteria across different sponsors to facilitate objective comparisons and evaluations.Continuous Monitoring: Regularly monitoring the sponsor's performance and financial stability throughout the project lifecycle.ConclusionSponsor underwriting is an essential component of successful real estate and investment management.

Experience and Knowledge:Experience: A little over a year owning my first rental.Expertise: Still learning about all aspects.

The main hurdle that many of our borrowers face are the income aspect of it, especially expensive markets like the West coast.

There's certainly other aspects that you need to consider such as pricing, quality of photos & overall listing, is it clean/repairs are done, if there's tenants are they being decent to people during showings, are you requirements reasonable etc... 

As you prepare to rent it out, it’s great that you’re thinking ahead about the legal and paperwork aspects.

It's well worth the peace of mind and saving your time to have Anderson take care of all legal aspects of a STR company!

First time posting and getting into the investment scene, I currently have a single family home that was my previous primary, and looking into purchasing my 1st true investment property, trying to find some advice on the financial aspect of the purchase, here's my scenario;Currently going through pre-approval with the builder and I do have liquid assets enough to cover the downpayment for the property (40k) but I do have a car note (41k, 800 monthly, extra 500 to principal monthly) and a Patio upgrade (25k no interest till March 2025).

Additionally, the aspect of a repair versus a service.

You will have some bridge loan options here, but your more attractive options may be limited due to seasoning requirements with commercial aspects.

We might consider the lifestyle aspect if it's a place where we want to go back regularly.Speaking of Mexican cartels, I've been going to Mexico for more than 20 years, know a huge number of people who invest and work in real estate across the country and I've never heard about cartels taking over properties.