Looking forward to future investing!

That's a big deal when you sell it in the future.

For instance, if a property worth $10 million brings in $100,000 per door, the cap rate is $100,000 divided by $10 million.To quickly size up a deal, I rely on the 1% rule: if the price is $100,000 per door, I expect to see at least $1,000 in monthly rent.

, tourism, future development, etc.

I'm fairly certain that there is an expectation that you move into the property within 30-90 days after closing.  

There are topics on generational wealth, etc. etc. so people are definitely thinking about the future.  

Can you send me your contact info for future reference?

You can also expect that you will have a handful of paperwork to complete and receiving your 1st payment could take a month, as they have to enter you into the system and likely have set pay out dates.

Be specific about the financial requirements, expected returns, timelines, and your strategy for fix-and-flip projects.

I’d also be clear that you expect him to bring his insurance current within 10 days so you can cancel your force-placed policy.