If the software is not simplifying your life or making you more accurate, you shouldn't use it.Software does have extremely helpful features like online payments, marketing syndication (click a button and your property is advertised on multiple sites), electronic document review/signing, maintenance tracking, and owner reports.

The reality is you were trying to raise money from multiple people which would have required some type of SEC exemption that you do not have.

But instead of closing on the first call, it turns into multiple follow-ups, and sometimes the deal just fizzles out.So my question for the community is:How do you move from agreement in principle to an actual closing?

I have multiple crews and subs that can get rehabs done super quick and finding lenders hasn't been an issue at all either. 

Any property I acquire has to meet a few fiscal tests:  will it cash flow enough to be worth it, is it in a market that attracts a strong tenant base - as well as provides for solid appreciation.

Quote from @Gia Barber: Looking for some advice….We have one unit with no pets but the second unit we are testing the waters and allowing one small dog.

I see this outside senior housing, but it’s rarer than people think once you pressure test it.In small multifamily and mixed-use, a lot of deals get marketed as “bad operator” when there’s usually at least some embedded market or income issue once you dig in.

You may want multiple year of tax returns so that you can average out the income. 

Hey everyone, looking for some experienced eyes on a deal I’m currently under contract on and would really appreciate feedback or things I should be stress-testing. 

If you are listed on multiple platforms and need a more robust solution, consider PMPs like Guesty, Hostfully (which I use), Hostaway, etc., to manage your guest messaging and get the bookkeeping capabilities.