Quote from @Sam Walls: Hey Marcus, I work with a lot of investors in the Philly suburbs, and I can tell you that connecting with like-minded people in the early stages of their journey can make a huge difference.

Why ask: Access to consistent support after meetings can make a huge difference in your progress.

At the end of the day, the problems are the same, just on different platforms.

You can also just tell it what percentages you want to hit.Fourth, you can adjust the prompt so it will tell you directly that it needs more information about certain things, and can suggest more investigation into areas of your flip to increase the confidency score of different parts in it’s rehab analysis.

So, when investing in areas they don’t really know, investors should research the different property Class submarkets.

I recently completed one on a multifamily property and found it to be a cost-effective approach.That said, there are a couple of additional factors to consider beyond the code differences between a garage conversion and new construction:Coastal Overlay Zones – If your property is in a coastal overlay, building a ground-up ADU may require Coastal Commission review, which can add time and complexity to the process.

A refinance is a different story.

Talking to others also gave me insight into different markets and strategies, which made it easier to figure out where I wanted to focus my efforts.A simple tip I’d give is to start small and grow gradually.

The capital loss would be calculated as the difference between your original investment amount and the amount you received back (in this case, 10% of your principal).

During the "fix up" process, you would use a different kind of loan that will end up converting to a DSCR loan once you have tenants living in the unit(s).So, I would need to use maybe a construction loan for the renovations and then convert it to a DSCR loan?