I usually will say who referred me to them and say that they are a friend, neighbor, family, etc and will then ask what their lead times usually are for work to be completed, how they communicate, are they comfortable working with me being out of state, how do they collect payment (terms and preferred method) and do they offer a business rate?

Hi all,I am looking at some CRE and seeing that the Cap Rate in the range of 5-7%.

I have talked to 3 other very interested potential tenants, but have not had them do application because I was trying to get information from students and didn't want the others to pay a application fee if I end up renting to students, but that may not be the correct process.    

The ARV value came back at $201,000 and a condition rating of C3 with a reported median rental figure of $1,595.

I am curious to know what the typical fees are associated with the operator they refer you to though. 

Having a private party as the lender also offers more negotiability, I've found many private parties willing to extend terms with either bulk installment payments or a higher rate of return.

There tons of old duplexes that need renovating, and vacancy rates for a nice product are very very low like 1-3%.

I purchased the property with an FHA loan at 5.25% rate but plan to refinance once rates drop (if they ever drop lol).

If you don't have a contractor, shop around for the hardware (appliances, counters, flooring, etc..) to get an idea of the material costs then add in labor of hourly rates for the install.

What is the status of the soft costs (ie tap fees and development fees) of your build?