Transparency is key- detailed budgets, timelines, and exit strategies will set you apart.That said, moving to a new home mid-project could add a lot of stress.

The tenant refused to communicate about his plans to vacate and finally left the key under the mat on June 2 but made no communication, so we had to make 4 trips looking for the key.

Initiating the ConversationThe key to approaching a non-profit is to be respectful, patient, and aligned with their mission.

Anytime you are looking at purchasing a condo with a mortgage, the HOA Questionnaire is always going to be a key point of the loan process.

You have fixed cost so it is better to get some bodies in there so you can get market rent later. 

The biggest key was understanding that It was more important to get on base then it is to hit a home run.

But I’d say the key to success is building a reliable team on the ground.

I think I've done my bookkeeping almost every way you can - from not at all -> keeping receipts in a shoebox and handing over the entire shoebox to my CPA -> running 10-key tapes on all the receipts for each category and handing those tapes to my CPA -> DIY Quickbooks -> paying a bookkeeper to manage everything in Quickbooks -> to now doing it myself using Baselane.

Putting in place policies and systems to handle that will be key otherwise you'll always be working or at least be on-call.  

I think the key is doing solid due diligence and making sure you're lending on projects with good margins and clear exit strategies.