My net worth is pretty close to even, probably a little positive.What the last 3 years has illustrated to me is that timing can mean everything.

I'll attach a rate sheet to illustrate what this means, but essentially you will get a credit that you can use for closing costs.

Hi John,There are two schools of thought; OM shows the potential if everything runs perfectly and the T12 (Trailing 12, aka Actual Financials) illustrates how the property has run when the current owner operates the deal.Offering Memorandums often assume instant rent increases and below-actual expenses.

Thank you @Michael Hassell for the illustration.

The micro trends like Detroits growing suburbs are not illustrated.

Matt, as I recall, the HUD site has the legal/acceptable room occupancy on a table illustrating square footage and volume requirements (like average ceiling height of 7' for floor space to be counted).

This meticulous documentation not only encapsulates the financial narrative but also orchestrates a compelling argument for lenders, illustrating a consistent and robust fiscal history.In this paradigm, I find myself at the crossroads of advancing my real estate journey, cognizant of the pivotal role that meticulous financial documentation plays.

I agree with the move in fee and not handling security deposits.The following article illustrates the point as well as the point to treat your tenants well, especially in Chicago!

@Brian Burke your post here is such a great illustration of the multifamily syndication strategy (especially with the chart!).

this is a good illustration, of course, every kitchen is different and it is not always possible to achieve this goal