That may seem obvious but in my experience, 99% of ongoing maintenance issues are because the property is old and needs either a large cash infusion to make them go away or what I like to do is 1031 exchange into something newer that requires less work. 

In essence, less than 20% (of the commonly-held-average) ARV is a slim margin, and you should justify it according to your experience and comfort.

Overall, he seems to want to do a basic cost seg for me on the FF&E and Capital Improvements and leave the original basis of the property on the conventional depreciation schedule.I would love some feedback, personal experience, thoughts on this matter.

Hello, Im new here and would like to cennect with investors and collaborate and close more deals. iM EXPERIENCE IN COLDCALLING IN WHOLESALE.

You can get deals from realtors, but from my experience not enough to stay in business.

Hey BP Community,I am starting to look for a BRRRR deal in the Sacramento area and would like to know if anyone with investor experience could help me with identifying the Class for the Sacramento area.

Hello,Does anyone have experience with a eviction lawyer or eviction company in the Aurora, CO area?

@Wes Holmes Just to add a bit more meat to the bone of what others have said:It's standard practice for hard money lenders to require a personal guarantee, but once you have significant experience under your belt, lenders are sometimes willing to drop the requirement for a slight decrease in leverage and/or increase in rate.Regarding extra collateral, lenders sometimes ask for this if the deal is too high risk for them as-is, but you have significant equity in other properties that make it wash.

Quick backstory on myself and my real estate experience: I am a Wholesaler/Investor in the Metro - Detroit area and I am about to start Direct mail for the first time.

With the right experience, any strategy can work.