Don't make your mistakes his problem. 

Great story shows the importance of tying a loan to a property and ensuring the borrower has enough equity that everyone gets paid if the worst is to happen.

(Other than a mistake I already caught where the 332 one was double charging insurance and property tax) 

Fingers crossed all this lurking around on the BP forums made me a smarter REI practitioner.I've attached screenshots of deal analysis below for those of you who can provide feedback on what I did wrong - here to make mistakes, learn, and try again!

Actually I knew the distinction about custodian -- typing that was a mistake.

In my family if you make one big mistake you hear about it for life.Personally I don't mix friends and family with business. 

I have a deal that looks really good on even my worst case calculations with the BP analyzer. 

Getting your first rehab project will require you to create a SOW, talk to contractors, compare and review bid proposals, review budgets, & make countless trips to Home Depot.​You will inevitably make mistakes and underestimate things, but you will learn 90% of what you know by just doing your first rehab!

Today is the day for a ton of posts about problems, mistakes, and disasters.

Worst case, it gets outlawed in a town AFTER you’ve bought a place there & now you have to sell at a HUGE loss bc there’s no buyer demand once STR use is banned!