It’s often described as the “training wheels” of real estate investing, as it allows you to get into the game with minimal risk.

That's why I'm currently training new staff to ensure we can always deliver properties with the required quality standard and efficiency.By the way, do you think it would be interesting to offer some basic customizations, like themed paper products or towels, during specific holiday months? 

You've trained these tenants that the lease doesn't matter.

Developers usually have expensive bridge debt on their construction projects, and a heavy incentive to deliver their inventory as rapidly as possible.

These are professionals with additional training and a stricter code of ethics.

Unused contingency funds, unless they were received directly from the borrower, must be used to reduce the outstanding balance of the renovation mortgage after all of the renovation work has been completed and the certification of completion has been obtained.The loan is not re-amortized.Draw Schedule:The HomeStyle program has a maximum 4 draw process.The initial draw can be up to 50% of the total project and can be for materials for the project.The final draw will be at least 10% of the total project as retainage and funds will be released upon receipt and approval of final inspection, Certificate of Completion from Appraiser, signed All Bills Paid Affidavits and Lien Waivers.Additional Draw Information:Ø Signed Draw Request by borrower and contractorØ Signed All Bills Paid AffidavitØ GMG review and approve the draw request and will release funds for disbursementØ A check will be issued in the name of the borrower and contractor and delivered to borrower via USPSØ An inspection of work to date will be performed at 50% completeFinal Draw Information:Ø Signed Draw RequestØ Final inspection/Completion Certificate will be required for release of final fundsØ A Title Update showing property free from lien or encumbranceØ General Contractor’s Lien Waiver AffidavitØ Affidavit of Completion GR will review and approve the draw request and will release a check in the name of the borrower and contractor.Change Orders and Cost Overruns:Changes to the initial plan are not permitted unless prior approval by Guaranteed Rate.

If that was the case and they delivered that return they could raise $1 trillion as who wouldn’t want a 40% return….

I would make it a condition of the offer that the property needs to be delivered vacant. 

This transaction resulted in a strong return on investment, showcasing our ability to execute a strategic flip that maximizes profits and delivers value to our partners.

It’s about changing the culture of your tenants and training them how to work within the system you have created.