Although, the wholesaler inspected the property in person twice, once before making the offer and once right before closing; whereas most Roofstock investors don’t get a chance to walk the properties before closing.I’d also like to point out that Roofstock recently launched this patent-pending new platform called “Roofstock One” that allows investors to invest in SFR more passively outside of direct ownership.

I’m a regular on Redfin looking at fourplexes, listed, sold, and pending, in Las Vegas.

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

So in Lake County, IL I primarily do flips here and there.Sort of a melancholy day today. 2 Evictions filed. 1 new tenant placed. 2 offers pending and 1 offer is a back up from a multiple offer situation.

There's legislation just like this pending in Indiana's state legislature - and we're traditionally a red state.If you get hit with something like that - you won't have time to wait for appreciation to pull you out of the hole.Tim

We closed on this one, started renovation and got it under contract for sale/closed(pending) under 40 days!

Title search all properties.Give public notice of responsibility for any claims pending against the company, 30 days public notice.

@Kirk King Typically PMLs are 2-5% origination fees and interest rates start at 5.5%-11% pending your "grade".  

Putting things in writing has more impact.. as this is Proof of Pending Action.. and What their Financial Responsibility is..

My mom's side of the family is from Sand Point ID on Lake Pend Oreille and I always thought that'd be a great spot for a STR.