Buyer’s obligations under this Agreement are NOT CONTINGENT upon Buyer securing any financing in the purchase of the Property.

A very good friend brought a realtor who specializes in this type of project, her buyer had been working on this for several years and fell through and so we were able to step in after most of the water rights were secured.

Think of all the things that could go wrong and see if the lease addresses them: unauthorized pets or tenants, early termination, security deposit, lease violations, late rent, eviction, lawn maintenance, parking, etc.5.

*I improvised and gave her the cashiers check first, it was still blank, for her own security so that she felt comfortable signing Warranty Deed etc. - Notary witnessed too (I'm winging it here!). 

Don't threaten to keep the security deposit. 

When I reviewed the actual TD, it said something to the effect of "this TD secures a  maximum of 501K in debt" since it was the TD securing a LOC. 

As a newbie looking to do my first BRRRR or Fix & Flip, I'm realizing I'm not sure what the proper protocol is with regards to lining up cash for the deal first (hard money) vs getting a deal under contract first, then securing hard money.

The tenants can have a security system in their unit, if they want, but the common areas are used by too many people to have a security system. 

Please correct me if I’m wrong, so the idea is to gain experience and knowledge from this paid walk with GC so we get the ballpark numbers and make offers in future without having to involve a GC anymore in the analysis.At what point in the process do you officially have your GC involved?

I honestly thought that was a great way to put it in perspective.Separate PointI did disagree when they said pulling out the equity makes the investment more secure.