Why ask: You want to know the mentor’s qualifications, expertise, and track record in the specific area you need help with.

I was hired to get things back on track, but she wouldn't play ball, so I filed for eviction.

Lenders look at creditworthiness/balance sheet/track record and the collateral in determining the leverage they will offer.

While you work on that, you could also explore creative financing options like DSCR loans or partnerships to fast-track your first STR.

Awesome that you are already on the track to figuring out a strategy.

Most hard money lenders will want to know about your track record - if you have no experience, partnering with someone who has a track record will likely be an easier path to approval (and likely higher leverage) than applying by yourself. 

Specifically:Licensed and Insured Contractors:Strong experience in fix-and-flip projects is preferred.Proven track record for meeting deadlines and staying within budget.Interested in building a long-term working relationship.Real Estate Agents:Knowledgeable about properties in Chattanooga and surrounding areas.Skilled in identifying high ROI opportunities for fix-and-flip projects.Open to partnering with an investor for repeat business.If you or someone you know is a great fit, please comment below or send me a direct message.

I like using QB for tracking expenses and was thinking of rent redi for rent payments, maintenance requests, and screening.

Use Real Estate By the Numbers as your guide, make sure it tracks the loan pay down and depreciation and have all of those numbers pour into a Schedule E.

A sophisticated investor will also typically ask for the entire claimed track record and then run it through the wringer.