You could easily be at a 70-80% vacancy rate and should therefore model your returns with more conservative assumptions so as to determine not only your base case, but also a "grey sky" and "blue sky" scenario.

You need to gather some income and expense assumptions, development cost estimates and terminal value.

To be more specific, assumptions below:Property Value: $180,000B or C Class Area Mortgage on the property of $135,000 (Either refinanced through BRRR or Retail Purchase Through Traditional Lending)Managed by property management companyNet Cash Flow: ??

To be more specific, assumptions below:Property Value: $100,000B or C Class Area Mortgage on the property of $75,000 (Either refinanced through BRRR or Retail Purchase Through Traditional Lending)Managed by property management companyNet Cash Flow: ??

To be more specific, assumptions below:Property Value: $180,000B or C Class Area Mortgage on the property of $135,000 (Either refinanced through BRRR or Retail Purchase Through Traditional Lending)Managed by property management companyNet Cash Flow: ??

I also asked him to have an actual conversation with our 1031 intermediary rather than emails subject to assumptions and misinterpretations.If I can't get the free lunch, at least I can minimize and defer!

While Missouri does have a "Warrant of Habitability" default assumption for rentals, it doesn't excuse the tenant from paying rent unless they follow a detailed process. 

Again, others might feel differently here.3) property level due diligence: (takes seconds to weeks per deal): here is where I drill in with the low-level details.a) pro forma popping: I examine all the assumptions, and see if they are overoptimistic or not.

These are the things that I look for in an investor for me to expose them to deals days before I consider putting them on an email list.These points are under the assumption that the wholesaler has already demonstrated they acquire quality deals- not for when you are just forming your relationship.

I'm sure I'm making all kinds of mistakes and have false assumptions.