If they want to stay, verify they can afford it.

Purchase price: $285,000 Cash invested: $135,000 Side by side 2-family properties (4 units in total), which needed either updating or a full build out.

I knew I wanted to be in the SFR LTR space, so I set all of my exploration efforts on just those property types.

They will also spot any terms that may not be favorable to you and can assist with negotiating the deal.Due diligence is key in any real estate transaction, but especially in off-market deals.

A builder’s risk policy is also worth exploring, as it can protect the property, materials, and equipment during your restoration work. 

Determine how much money would be needed to handle each risk, and determine if you have sufficient liquidity / cash flow to ensure you can “stay in the game”.This is of course in addition to all normal “due diligence”, financial forecasting, etc. 

Quartz would be my choice for hard surface.

It's a declining biz model.....the city is trying to crack down on them, and insurance co.s are pushing back on the testing charges (which is where the profit is).

Based on some quick preliminary research, it seems like it could be a pretty good place for me to start investing.

Any info would be appreciated.