What happens if you miss critical milestones?

For plumbing (or any contractor doing a big job), we will write out the draws in the agreement based on milestones.

Everything should be based on firm milestones, like demo, passed rough in, cement board hung and waterproofed, tile complete, etc.

>>> Establish protocols for Change Orders to be documented from Contractors, specify material selections in the Scope of Work, challenge your Contractor to provide options for problem-solving, and break up payments/draws by milestones (see Brandon Turner's template).1c) If looking on the MLS, use caution when descriptions say "needs TLC", or "handyman special", or when a rehab estimate amount is mentioned. 

They will typically have a schedule of milestones for the rehab.  

I am motivated to start this journey into this, It would be good to hear some feedback, any advice is appreciated.Thank you,Presley Step one, make a simple poster board with crazy goals or niches you want to be involve in and own. (10x mindset, Grand Cardone-ish)Step two, budget (masterfully) your monthly lifestyle expenses every dollar (Dave Ramsey-ish)Step three know your current buying power status, your 3 months improvement of such and your 6 months, and 9 months and 12 months milestone you like to achieve with your current stream of income and side gigs (same time cutting down expenses)During this process at the same time go find out first time buyer programs in your area and also very important is NACA(.)

It really helps think through my strategy for this milestone investment.

Albert,Seems that the criteria you defined for the notes you are looking for are correct, and focus is one of the key elements to help you in your way to success, never mind which road you have chosen.You will find the notes business as challenging, interesting and with huge potential - I have acquired few of my own lately.Finding good vendors, each one specialize in different note investment segment, is another key factor to be able to succeed in this business.I am still on my way to reach the 20 notes milestones, but I do think that what Scott said about being able to manage 20 notes by yourself seems to be the maximum you can handle.Wish you to be in the point in which your capacity is not enough to manage all of the notes you will have and to expand and hire more people/tools to help you to do the next step and expand even further.Good luck,Eran

In the contract, typically architect charge by milestones.

I think Gen X perfected--if not invented--the man cave.It'll be really interesting to see what happens to all the "sharing" economy stuff once the younger millenials and Gen Z finally hits these milestones in 10-20 years.