Last minute fires, floods, etc (which is why it is critical to do another walkthrough the day before closing- not everyone does unfortunately).

More potential buyers = higher values.Because of this a duplex or triplex that is mistakenly referred to as a "SFR" means the value is probably being overstated, which is a critical error in real estate. 5.

Support during operations is also a critical function and you may end up with 2-3 lawyers in your toolbox!

I really liked having a new construction property for a short term rental since first impressions are critical.

This is critical because you are not profitable until you have recovered your cost.As far as incentives for a PML goes, they make their money on the interest...the total interest. 

That said (and as Andy has pointed out), the critical part of house flipping is acquisition.

This is critical to pull off a successful BRRRR. 

Know how to take constructive criticism.

Hi Bailey,You're really tearing it up.It looks like a critical part of your success came from buying the 6 units while still in school.That's 20% down x 6 = 120% of the cost of house in cash (while in school).That's an impressive amount for a college kid to come up with so quickly?

If you're a single mom with student loans, a car payment, and living paycheck-to-paycheck, then $20,000 would be devastating and a reserve is critical.