So over the years we've developed some rules of thumb for determining potential renovation costs based on information provided in a listing, including the pictures and anything we find in public records on the property.

Bought a property in texas with some partners and we are trying to determine whether or not to establish an LLC and where to establish an LLC since we all live in different states. any guidance or experience with what to do on this?

It would be up to an individual judge to determine if you can give 30 days and refund the money. 

It’s all about determination, networking and mindset!

@Jay MersfelderStart using hard money lenders they don’t go off your personal financial statements, they usually use the asset to determine if they will lend.

You addressed my concern perfectly which is, what happens if the inspector determines that only $5k of a $15k budget has been completed, and they only reimburse me $5k.

If the capital provider wants stakes and equity on the property is there a typical way to determine who gets what percent of the stake in property?

@Kevin SobiloSo how do you determine if it’s worth going and bidding on the property?

I'd recommend $1M in limits if they offer it.As for the deductible, I would run through some claim scenarios with your agent to determine some hypothetical out of pocket costs for different types of claims.Good luck with it.

These can sound simple but are great foundational metrics that help determine the momentum of a market.