Buying deep in the price is really key and it's more important than ever to run numbers conservatively.Personally, I'm not obsessed over getting 100%+ of my money back if I'm putting less than what I  would've put in as a rental & go for appreciation, but everyone has different expectations. 

You put that money into escrow and when you purchase the property and complete them, you get the appraiser to come back out to verify the fixes.

He must have spent gobs of time and money every year maintaining the books and the structure. 

Too many rentals, too much deferred maintenance, no real budgets, not enough money in reserves.You can still get CapEx in condos....these are called "special assessments" .

You would be better off putting money into a fund that performs at 6% to 8% somewhere with appreciation. 

I also updated our initial contact letter to explain that it's in their best interest for us to do the pre-qualification so inquiries don't waste time or money driving out to the property and/or completing an application when they won't qualify anyway.

As a commercial hard money lender and buyer of commercial property notes, almost all our borrowers are entities.  

As you know in many real estate deals, the money is made at the buy.Personally, I'm focused on off-market deals where we can create value.Curious—how did you frame your offer to get them to drop without hesitation?

Curious why any tax pro would argue with that.If filing state tax returns did not take any time or money, then there is no harm in filing them.

I've used my own money so far and interested in learning more about the funding side of things.