Have them in writing, not just in your head.

Quote from @Justin Loveland: Quote from @Brian Sardinskas: Hey @Jake Andronico,This is some interesting stats, and although I have no data or charts to back it up, ill give my two cents on the topic.

Keep some emergency cash just in case, too.

Quote from @Justin Rowe: Quote from @Collin H.: Quote from @Noah Mencia:GFor the Smokies, Im expecting a 5-10% drop in prices over the next 12-18 months. 

Quote from @Justin Brickman: How have your goals changed?

@Michael Plante @Bill Brandt @John Morgan Glad to see it works in practice and not just in theory!

Quote from @Justine Phillipson: Hi Henry,How long have you been managing properties without a property manager?

And just like with the others above there are some good deductions you should be taking advantage of here as well.S-CorpW2 income – that’s easy, you probably understood that your W2 income can be added BACKK-1 income (box 1 & 2) – also pretty self-explanatory, but just in case, it’s added BACKAmortization/Casualty Loss – Added BACKDepreciation 1120s (line 14 & 15) – Added BackHowever….Mortgage Notes, bonds payable in less than 1 year (Schedule L, line 17)- this is SUBTRACTED from your incomeMeals & Entertainment (Schedule M1, Line 3b) – SUBTRACTED from your incomeNon re-occurring Other Income (1120s line 5) – SUBTRACTED from your incomePartnershipsW2, K1 (box 1,2, & 4), Depreciation, Amortization/Casualty Loss – all added BACKNon re-occurring Other Income, Meals and Entertainment, Mortgage Notes payable in less than 1 year, AND Ordinary income from Other (1065 line 4) – all SUBTRACTED from your income*WHEW* What a lot of information and we could probably spend ENDLESS amounts of time on this subject.

Justin,Most important is to be responsive, communicative, empathetic and curious. 

The good lenders will require that you have experience not just in real estate, but in apartments and likely in the market you want to operate in.