They will be able to help you evaluate the deal, find a CPA who can analyze their books, make sure you have all necessary contingencies in your offer and find the any and all skeletons in the closets...Good luck!

Good questions, I've tackled this same question with a number of my clients. 

Ensure the developer has a good history of delivering projects on time and as promised.- Location and Market Trends: Choose projects in prime locations or areas with high growth potential.

Hi Casey,As the gentlemen's above mentioned, 20% out of $700K is indeed $140K, so the answers is yes.As a hard money lender, my 2 cents for you is that if you don't understand the loan structure in 100%, not 99% but 100%, don't go into it.BTW - As hard money lenders usually we charge less than 20%, but seems like this is a factor of maybe less experience you have.Anyhow good luck!

Taking possession of the Premises by Tenant is conclusive evidence to the fact that the Premises are in good order and satisfactory condition." 

BE VERY CAREFUL of fake lenders they are rampant in this industry they will tell you what you want to hear and they are very good at it.. they will then suck up front money out of you..

Welcome aboard Jeeun and good luck investing!

I imagine there are still a large number of “mom and pop” hosts who had no idea there were taxes or a permit needed who’ll be weeded out, but they prop weren’t our competition anyway  ;-) Good luck! 

Good Morning BP,I am starting my investing journey I have partnered with someone for mentorship and he is also my lender so I am a Cash Buyer.

Quote from @Bruce Woodruff: @Scott Trench Of course you're right...and good topic.