A loan commitment letter carries more weight as it confirms lender approval, signaling a stronger ability to close.Addressing Closing Concerns: A commitment letter meaningfully reduces concerns, especially when paired with proof of equity and a track record of performance, even if on smaller deals.What Brokers Look For: Key factors are a reputable lender, clear terms in the commitment, and evidence of funds for equity and reserves.

Quote from @Steve Tse: Hi BP, What insurance carriers can you recommend in Texas, as I am shopping around to replace my landlords policy that I currently have with Travelers ?

The best way to find a handyman is to look for business cards at coffee shops and local restaurants.

Use the actual NOI, not the pro-forma b/c that is how the property is ACTUALLY performing.

I will answer as it relates to traditional BRRRR, in the general case there are additional options.  1) Do not perform maximum cash extract.  

I am very happy with the performance of my portfolio - all my properties are between a 10-13% cap rate.

Shop around with local lenders, ask these questions, and get answers before you try to buy the triplex. 

A broker can shop dozens of providers for you.

I am going to go shopping and buy everything and then go back to her house and I am going to have her supervise me all the way through till I have a  beautiful cake on a plate  . . . 

If you and your husband can perform the same line of work in another state like Florida, Texas, Nevada I would move out of CA as soon as possible.