So with being armed with all of this, my question is; If we do our due diligence and buy right, what are some unforeseen ways that could cause us to lose money and potentially fail on our first deal?

I can also purchase more real estate, because my arms are now wider.9.I have hired VA’s from India, Bangladesh, Philippines, St.

To find out about an area go to IREM.org search for ARM certified property managers.

I am on contract to buy  a legal 2 unit house(duplex) in the city of LA under rent controlThe monthly income on the property is 2700, and tenants pay all utilitiesSale price is 415kI am looking for a 25% down payment loan (or best that can be done)Open to different type of loans (ARM/fixed)The problem I have had with one lender so far is the source of the downpayment/reserves75 will come from my saving accounts The other 50k came from selling of a piece of land I owned free and clear to my dadSince it is my dad, we did not notarize, or record the sale.

Well, up here in Northern CA there is counterfeit money on a regular basis -- not to mention armed robbery.

They just have to be arms length loans that do not in any way benefit the beneficary of the IRA or any other disqualified person.

We're looking for ~100 unit deals with somevalue-add component that would yield a Cash on Cash return of low double digits and an IRR of high teens.

We typically sell loans to people that have already accumulated some cash and are trying to get double digit passive returns.

Mongiello and I discussed at length the draw process and I explained the discrepancies between what he was asking for and what we were able to fund.As draws are requested SBL utilizes the services of 3rd party inspectors to ensure any results are not influenced by anyone (kept arms length). 

To find out about an area go to IREM.org search for ARM certified property managers.