If you have an active burglary, fire, medical issue, etc, they can enter the code and immediately get into the facility to provide assistance.

As you go up in size past the 5 you can expect the lender to take into account the property’s profitability and less on you.

These markets are on fire and at all time highs but headwinds look extremely bleak and reminiscent of the cold winter from 2008.  

@Jasmine Russell That’s a tricky one lol the real answer is it depends(annoying I know)… When I first got started I had 0 experience but had done a ton of research, I still lost 100k on my first deal (lol) but I used that painful lesson on my pitches to tell future partners what I learned and didn’t give upit was also a raw land permitting play and I payed back the investor every penny I owed which helped my brand- Now, for those that know me I don’t need to go over my portfolio, what I’ve done etc because my reputation precedes me however, when I’m in a scramble and need funding for a deal and advertising it to the world and talking to strangers I’m absolutely going over my track record so they feel comfortable that I know what I’m doing and if I don’t specialize in a particular niche I get someone on my team and involved in the deal who’s and expert there and have them on the calls or at the very least their website or somethingI definitely am a fan of fake it till you make it but if you’re the one putting capital into a deal maker, check, double check and triple check everything they tell you and do your own DD

Lessons learned?

It kills me on some forums - particularly FIRE forums - where I see individuals spending hours analyzing which high yield savings account will get them 0.56% interest vs. 0.45% interest.

One unit had a fire and our insurance is putting a handsome chunk of change that will really boost our property value.

Lessons learned?

Repair Any Damage or Health and Safety Issues2.

They're having an event in December, called the Fire Summit.