Owning the property outright allowed him to address those costs comfortably and even negotiate a better deal on materials since he wasn’t rushing to meet a lenders timeline.Given that you want to learn and scale gradually, cash is a safer way to build your confidnece and investment foundation.

Your lender, who provides the funds, will have their own borrower criteria, which they should communicate to you.It sounds like you have a thorough, relationship-driven approach to lending, which really sets the stage for success by focusing on the borrower’s track record and character first.

@McKinly SpringerThis did not bond as they didn’t prep the floor properly nor was this done properlyIt does not appear they even used a self leveling material like ardexTo me this appears all of it needs to be ripped out and redone properly

Broke down the doors and stole all of my mechanicals + material on-site (resulting in ~$30K worth of damage)I just had a contractor walkthrough and talk to neighbors and apparently there is now a homeless man who has been sleeping upstairs (he wasn't present, however bedding was present).

Study the PPM and offering materials....see how the projections meet the actual numbers and what went right or wrong. 

It’s designed with investors like you in mind—where rental income speaks for itself, and there's flexibility to match your community-driven goals.Feel free to reach out if you'd like to chat or share ideas.

Consider targeting young professionals and small families who are looking for modern living spaces close to their workplaces and urban amenities.Property Analysis:Exterior and Structure:Materials: The exterior is clad in modern siding, likely a composite material or Hardie board, known for durability and low maintenance.

Even if I were to collect the late fees it doest’t materially alter my properties performance and my tenants appreciate the flexibility in the very rare circumstances where they are late. 

Where I see the builder incentives and builders hurting is in starter housing or housing for rentals that investors are buying.. everything there is interest rate driven.. with land costs fixed and building cost not coming down , interest rates rising this hurts builders who are building product for those that MUST have financing to buy and are barely able to qualify IE starters..

- How long the unit sits vacant for repairs/cleaning, and finding a tenant- City/town/state the unit is inPlease respond with your thoughts, hopefully with the bullet points above as points of reference and stated as such in your reply (I know, I am asking for a lot from you all :) ) But, for example, a Class D property in Milwaukee, WI probably requires less turnover time, lower quality materials, not as precise of a paint job, etc, than perhaps a Class A property in San Francisco, which would require higher quality materials, higher labor costs, longer vacancy since more precise craftsmanship would be required, etc.