Make sure you are choosing a mentor that has extensive experience over a decent period of time. 

It could be a 10 page promissory note which outlines all kinds of conditions under which various extensions, penalties, and default conditions might apply.

I like the WestPort area in KC MO because of the street car extension...I’m happy to help with contacts, I have local lenders, broker, Lawer and property Mgt covered.

You can find a great deal and co-wholesale or JV the deal with a wholesaler that have an extensive buyers list.

I think I could get it for a low cost, but by the sounds of the description there may be extensive fire damage.

Having access to this kind of capitol could allow you get into some decent value add deals that require extensive rehab, but would increase the value.

The 203k has all the requirements of the normal fha loan, and some extra requirements around the reno project. 203k is much more complicated so do extensive research if you think you might use that product.

We haven't yet gone in to meet with the builder, but I've talked with them extensively on the phone to get some ballpark ideas.  

(I'm including "house rules" in the same category as "lease" because most times there's language in the lease saying that the attached house rules are incorporated into, and made a part thereof, to the lease, so they are effectively an extension of the lease.

I’m sharing all this because I looked extensively into CSS for my SFRs and hit a block of ignorance and/or the prohibitive cost of engineer conducted studies (at 2K+ a pop of course they will denigrate a solution that cost only $400 and threatens directly their livelihood, but that’s the cost of technological advances).To do CSS for properties acquired in previous years you need to 481(a) adjustment calculations [and I don't know if that calculator is included in the $400 CSS report or it's extra].