No closing costs out of pocket, below-market interest rate for a 100 percent financed fixed-rate loan is nothing to laugh it, especially if your client is cash-poor.”For their part, NACA officials say the qualification process is tailored to individual borrowers and they anticipate most NACA-approved applicants actually end up getting the loan from a participating bank.

In addition to making sure that you form the entity properly, the lawyer’s job is to raise issues that may arise in the future between you and your business partners that, had you anticipated them up front, you would have agreed on.

or will it be less than anticipated (???)

lol   I am grateful that a year and a half ago we sold our dream home that I had designed and was the general contractor to build and downsized into a rental that we had done a 1031 exchange 3 years prior in anticipation of being empty nesters, no longer needing the space and not being up for all the up keep any longer either. 

Like most high demand areas, not much on the market there, but looking for potential partners and plans to buy there as well.Park and Chaffee Counties are growing and I don't anticipate that slowing down at all with the quality of life these mountain towns provide, especially with the work from home contingent that wants to live where they play and demand for getaways that aren't too far from a major metro.Hope that helps and happy to chat more!

Additionally, holding costs were more than I expected them to be, contractors are more expensive than I thought and the work took much longer than I anticipated.

I'll explain.Wondering if anyone has ever created, or seen, a spreadsheet that allows you to input properties as they are acquired; along with all relevant data like contract price, down payment, taxes, anticipated NOI, etc., and summarizes the individual properties into a "totals" table.For example, it's easy for me to know what my net cash flow is and equity in property #1 is any any given time.

I agree with @Ujwal Velagapudi in asking that it be delivered vacant.If that is not possible, I would anticipate the downtime and cost of evictions, even without a lease. 

Then you figure if no one gets inside, all bidders have to anticipate the same amount of risk and no one wants to lose money, so the bid rarely goes higher than what would be a break even deal in a worst case scenario.  

@Mary Ciccarelli on my last deal I spent way more on furnishing and decor than I anticipated.