So, if you fail to apply the correct assumptions to a property, your expectations won’t be met and it may even be a financial disaster.We use the following to rank Property Classes, in order of importance:Property Tenant Pool: closely linked to location, but not always.Property Location: closely linked to tenant pool, but not always.Property Condition & Amenities: it’s important to, “Maintain to the Neighborhood.”Key metrics for each Property Class:Class A Properties:Tenant Pool: Majority of FICO scores 680+, no convictions/evictions in last 7 years.

In other words, not resold to the government so the bank had more flexibility on the condition.I look at the original commitment letter and it states "xxx amount will be advanced at closing for the purchase of an investment property, and the remaining balance of the loan to be placed into an escrow account to be disbursed as improvements are made".No points, and only one closing, so I don't have to deal with a short term HML that I have to refinance in under a year.Hope that helps!

Always cool to connect with investors!

My client has a property near the hospital where he runs his dental practice and has 6 hospitality units connected on the other end.

For a bit of context, my wife and I recently moved to Tennessee and after renting for a bit we are just about to close on our first property.

Quote from @Richard Schubert: Closed and now have the keys in my hand.

Quote from @Sean Anthony: Quote from @Michael Smythe: @Sean Anthony website is down and Google states business is "Temporarily Closed".Many times these guys just open another company, so his name will be more important than the company name.He's been reported to the FBI, FTC, local law enforcement, and Ohio Division of Real Estate. 

Start by attending real estate meetups, BiggerPockets forums, and local investor groups to connect with potential partners.

My wife last year closed 28 million by herself NOT a team thats by herself..

I want them to see the total picture and then keep whittling down to where they get close to say a 5% error rate.