I'm always curious where these assumptions come from.

For these investments, if they are both properties you are able and willing to buy, I would make a decision based on revenue/expense assumptions.

Go to this page and click on the structural (building) section for the list of contact info: https://www.fortlauderdale.gov/government/departments-a-h/de...My assumption would be that you are going to add at least a window and / or a exterior door for egress requirements, which would require a structural modification.Also, I think you will need to raise the floor level of the garage to current flood level reqs, either with an overpour or framing.

Just make sure you make good assumptions.

Hello everyone,  I am fairly new to REI, and I'm currently living in my parents house which is in a newer subdivision on the Northwest side of Pueblo, Colorado, the nicer area.  I am trying to obtain and generate addi...

The only method that really comes to mind is BRRRR, which I am not opposed to, but would prefer something a little simpler for a first time deal.Similarly, I'm making an assumption that it might be possible to use a combination of HELOC and DSCR loans on something a bit more turnkey for the initial purchase and then refi into conventional after a year or two rental income?

But, these properties are living, breathing and moving things that are all exactly the same, so you should just use your standard assumptions about payment and vacancy rates.

Hi Josh, Additionally, consider building conservative assumptions into your financial projections to account for potential market fluctuations, economic uncertainties, and unforeseen challenges.

The challenge is the assumption that the clients will be retained.  

Again, others might feel differently here.3) property level due diligence: (takes seconds to weeks per deal): here is where I drill in with the low-level details.a) pro forma popping: I examine all the assumptions, and see if they are overoptimistic or not.