For instance, most municipalities require snow to be cleared within a set number of hours of snow fall.  

Assisted living is usually classified as a medical/long-term care use and often requires:• A conditional use permit• Public hearings• Compliance with fire, accessibility, and staffing rulesBefore you spend a dollar, confirm the municipality will even allow the change of use.2.

And creating a separate management company does not override zoning rules, occupancy limits, or eviction laws.

For those of you who started with limited funds, what approach worked best for you?

During due diligence, the seller was firm on everything—limited cooperation, delays, and no willingness to grant even a short extension.

Quote from @Nathaniel Carter: Seeing more investors using DSCR loans lately, so I wanted to share a quick summary of why they’ve become so popular:Benefits:No income or employment verificationApproval is based on rental incomeClose in an LLC30-year fixed ratesWorks for long-term, short-term, and mid-term rentalsGreat for self-employed investorsGreat RatesThese loans have been helping a lot of investors scale faster, especially those who hit DTI limits with conventional lenders.If anyone has questions about DSCR structures, cash-out refi options, or how to qualify, feel free to drop them here — I’m happy to help. 

I still had to bring $26k to closing in order to cover the down-payment, but I left closing with a $26k check from the seller to essential end up with no money out of pocket (in reality, I used the $26k to make repairs on the property).I know there are certain limitations on particular loan products that limit the maximum amount of seller credits allowed (6% for FHA, 4% for VA, etc.); however, I am using a commercial line of credit that does not have a limit on seller credits.

The ways around this are usually: (1) switch from replacement cost to actual cash value (ACV) or functional replacement cost, so the insured value better matches the real economic value, and (2) use an agreed value/stated amount endorsement so the company agrees up front to a lower limit without hitting you with a coinsurance penalty.

Instead, we are headed for a slow slog through the mud of limited transactions and little, to no appreciation over the near term.  

Limited to a specific task or limited range of tasks.