Insufficient reserves result in vendor bills piling up, value-add strategies running behind schedule, and returns being reduced, so it's important to have a clear picture about how well capitalized or undercapitalized a deal is so that you can truly assess the risk.

It’s advisable to consult with a real estate attorney to ensure all documents are comprehensive and legally sound.

By quickly assessing the market and taking advantage of the property's high demand, Partner Driven added value through a well-timed sale without requiring extensive renovations.

@Peter Aziz So what's your assessment now?

The lender assesses whether the rental income is sufficient to cover the loan payments.

It is part of a larger building and I am not able to assess whether it is in some way a condo, and if so, are they up to date with any fees. 

Inspectors will assess the wiring and electrical panels for outdated components that could pose safety hazards, including fire risks.Plumbing issues like leaks, low water pressure, and drainage problems often arise as well.

I would say look at the big ticket items, roof, foundation, electric, plumbing, HVAC and assess from there if anything needs to be done 

It's pretty comprehensive on how to get started with your own capital and the safeguards you'd need to take in order to secure your capital investment.

Lenders are gonna want to see profit and loss statements, rent rolls, property condition assessments, the whole nine yards.