Rescinded

Consider including a Proof Of Funds letter to bolster your bid.

Over time I found myself with properties with rents hundreds of dollars below market and tenants who were never moving out because their rent was so low. 

Quote from @Andrew Low: Hello everybody,Quick question for everybody.

NV is a good state to invest because of the landlord friendly laws and low property taxes.

If most everyone is low quality, you want the one who's got the guaranteed rent check coming in.

If the GC defaults, the bank will get the funds from you to cover him.

A cookie cutter first deal looks like:Purchase: 65k - 90kRehab: 50k - 75kARV = Project Cost/.7Neighborhood: B or betterRehab type: cosmeticAvg Days on Market in zip code: 30 or lessThat's an example of a very safe deal for a lender to fund for a newbie.For a 0 experience expect to pay 11.5%+ in interest.Keep in mind the cost of a project's lifecycle. 

So, you take a low-margin client wanting me to pull permits in a municipality I may not work in for the rest of the year, and I may well pass on that cost to them.

Whether it’s funding, down payments or gator loans or 100% seconds.