You will need one once you want to file for construction.White Box: The interior condition of either a new or existing building or suite in which the improvements generally consist of heating/cooling with delivery systems, lighting, electrical switches and outlets, lavatories, a finished ceiling, walls that are prepped for painting, and a concrete slab floor.

We recently moved to Texas and bought our first investment property.Let me start by saying I have very high and consistent screenings- all my tenants in our other homes are model (learned the hard way several years ago when we dabbled before the crash).

I think all of the other platforms I am on pay the month after investment (partial month payment).  

Some platforms – like Instagram and Pinterest – are for posting images only.

@Ian Ippolito yes I am aware of those platforms' offerings, however if you read my post I'm not interested their boring low-yielding funds.  

When I'm looking at various deals across platform and even deals on the SAME platform seems these can be calculated quite differently.For instance since IRR is calculated based on the capital invested if a cashflow shows that in a particular year they estimate that they will be ABOVE the pref and return some of the capital then the IRR in the subsequent year is likely higher since now the capital invested is lower but the return is the same thus boosts overall IRR for the deal.For this reason, it seems referring to the multiple as an additional point is helpful as at the end of the day it tells me how much real money is coming back to me.I find the calculations non-consistent especially on fund deals, where they can be open ended dates with a wide range of hold periods so you can really cherry pick your numbers to make the IRR and multiples look good.Any tips?

Does anyone have an experience in getting approved for a mortgage if majority of your income consists of rentals

I rent out the English basement and one of the upstairs bedrooms on these platforms.

In my opinion, $200 per month, for a property in an extremely sought after area, with a tenant base that is extremely consistent, with military and government in the area not going anywhere, is a reasonable investment to stick with.I agree with @Russell Brazil, that you should hold the property in your portfolio.  

That is the price you pay for investing in a market with high demand and limited supply, but those same dynamics cut both ways ... that which is difficult to buy is easy to sell or rent and will tend to go up in value over time if the fundamentals that created the high demand and limited supply are consistent (which they are in CA).