Borrower Types: The Professional - HM Lender will cut sweet-heart deals to keep these borrowers around Experienced real estate investors Regularly engage in property transactions Typically have a track record of successful projects The Newbie - Charge Higher everything as the risk is higher as no experience Novice investors or first-time borrowers Limited experience in real estate Seeking to build their investment portfolio The Deadbeat - Only lend if the deal is so SWEET, they can't lose if they take the property from the Borrower Borrowers with poor credit history or financial difficulties High-risk borrowers May struggle to secure traditional financingThe lender will do an application on the deal/borrower and some standard docs they require are:Hard Money Application / ExperiencePurchase contractARV report – COMPS – See * Redfin*Pictures of Property – most people use Dropbox to shareProof of Funds – Down / Reserves (Bank Statements)Personal identification (ID or passport)But usually if the deal is sweet enough, they will do it anyway because if the deal goes south, there is so much equity/value in the property that the HM lender can't lose.

A good broker remains transparent throughout the process, providing regular updates on loan applications, lender responses, and any emerging challenges.

Building a compset and diving into the details about the competition, cleaning fees, length of stay, and really, seeing who is out ther doing STR versus MTR etc. 

If not then we go with a really clean look of fresh beds, and grass that will really pop out. 

However, be prepared for the properties to meet certain health and safety standards, as Section 8 housing requires regular inspections.5.

Package is clean, nothing fancy and is a little over 20 pages.

I've regularly attended the auction in Brooklyn, but never bidded on anything.

They can do all the laundry while they are cleaning.

- Having minor maintenance taken care of at no cost - Regular cleanings and maintenance so small issues don't become big issues- A hands off tenant who never bothers the landlord- A property maintained in new condition because it's in the tenant's interestI used to do primarily rental arbitrage but shifted to STR/MTR property management.

Funny enough, the house I made an offer on before the one I closed on I did go through multiple inspections: electrical, plumbing, and regular inspection and I ended up walking away from that one.