To determine this, one must forecast the asset's income over a period of reasonable period, say five years.Cost review: Cost review is a vital part of due diligence to ensure project all project costs are considered.

This kind of policy will ensure that you have loyal tenants because so many landlords won't work with people.

I am wondering if there is a centralized place that hosts all checklists for every part of the real estate investing process.For example: During the buying process, following this checklist to ensure you're following every needed step and also check for these specific things which can lead to a lower valued home (flood zone) or cause issues in the future.

I guess it's just key to ensure the property has renters, is cash flowing positive, and you can pay back that HELOC ASAP. 

After I watched this video I decided to ask ChatGPT the keys to building a $100 Million multifamily real estate investing business (coincidentally I am writing a book on this topic)ChatGPT's Answer:There are several key factors that can contribute to the success of a multifamily real estate investing business:Develop a strong business plan: This should include a clear vision for the company, as well as specific goals and strategies for achieving them.Build a solid team: Surround yourself with knowledgeable and experienced professionals who can help you identify and acquire quality properties.Focus on a specific market: It can be helpful to specialize in a particular type of property or geographic location, as this can allow you to build expertise and become a go-to source for investors in that area.Invest in high-quality properties: Look for properties with strong potential for appreciation and cash flow, and be willing to put in the time and effort to make necessary improvements and updates.Utilize effective marketing and networking: Network with other professionals in the industry and use marketing strategies such as social media and targeted advertising to attract potential investors and buyers.Manage properties effectively: Proper property management is crucial for maximizing the value of your investment and ensuring the success of your business.Continuously look for opportunities to grow: Stay up-to-date on market trends and actively seek out new investment opportunities to continually grow and expand your business.This is a pretty good answer, and frankly it's amazing when you step back and consider that this service is brand new and 100% free.AI is going to change real estate investing, along with every other industry.

Make sure that you have your closing agent conduct a title search, buy title insurance if you want it, record the option, and pay the back taxes directly to the county from your proceeds to ensure they get paid.Happy Investing,Derek Dombeck

I would like to put this in the lease that they are responsible for all water expenses even if it is due to a failed plumbing condition, but want to ensure I can properly enforce that requirement through proper language in the Lease Agreement.Bruce

Post dated checks require some action from the tenant in that they have to ensure that the funds are in the account.

@Corey Hassan As Shaun mentioned, you want to ensure you're wholesaling in an area where there are a good number of buyers.  

Although they don't provide an owners policy, they want to ensure they are able to convey clear title.