Is it common in San Antonio for sellers to refuse financing addendums, especially for investment properties?

Here are a few tips to help you streamline the process:- Double-check local building codes early- Prepare clear 2D and 3D plans for submissions- Communicate early with city planners to avoid surprisesFeel free to ask me questions about permits, drawings, or how to avoid common pitfalls.

What are common issues you are seeing at your property?

The key is to be close to a university and provide free internet, along with a common laundry and basic furnishings.

Are there other common deal types or borrower scenarios I should expect at this scale?     

It's a process that takes time and experience:#1 Read the Book on Estimating Rehab CostsJ Scott discusses the fundamentals of budgeting and pricing rehab costs and reveals the steps, tips, and tricks he uses to accurately estimate costs for 25 common trade categories and hundreds of repairs. #2 Walk Through Distressed Properties and Spy on the CompetitionWalk through a couple of rehabs that a local real estate investor has completed in your local market and study the types of repairs they made and the level of finishes they installed in the property.Spying on the competition and understanding what buyers are looking for will help you determine what type of repairs and level of finishes you need to install in your own properties.#3 Explore Lowes and Home Depot to Learn About Material PricingWalkthrough through Lowes and Home Depot (or their websites) and look at finishes materials and fixtures that you will consider using in your rehab projects.

Great question, Gary — partnering as a new investor can be a smart way to scale, especially if you're handling the value-add work.Here are a few common structures to consider:🔹 Equity Split: A common model is 50/50 if one partner brings the money and the other brings the deal + sweat equity.

.• Exit doors must have panic style hardware so they cannot be locked from the inside and they must have lever handles on the exterior for accessibility purposes• Apartment doors must be 36" wide, they must be fire rated in a metal frame and they can swing into the apartments• Apartment doors must have lever handle hardware• One commonly shared exit corridor/stair from the second floor meets code• Emergency lighting is required in the exit paths• Stairs must be a minimum of 36" wide and must have handrails on both sides.• Stair handrails must be at code required heights and must extend 1'-0" beyond the top and bottom riser of the stair.• Stair walls must be 1-hour fire rated construction.• No storage is allowed in the stair.• No storage is allowed under the stair unless the underside of the stair is fire rated• All doors that open into the stair must be fire rated except any door that opens from the stair to the exterior• At least one window in every bed room must, when open, have a clear opening of 5.7 square feet at the second floor and 5.0 square feet at the first floor.

.🛠️ They take abandoned homes and turn them into safe places for families🌱 They bring life back to neighborhoods that others wrote off 📚 They create spaces for small businesses, nonprofits, and neighborhood services.They’re not just chasing cap rates—they’re using their development skills to give back, one property at a time.As a former Director of Lending at a CDFI, I exclusively financed the acquisition and rehab of 2-4 MF and small apartment buildings that overlooked by local banks and credit unions.Nearly all my clients had 1 of 3 things in common (many had all 3) that motivated them to complete their redevelopment project, they either:1️⃣Grew up in the area,2️⃣Still attend church nearby, and/or3️⃣Have a family member that still lives in the neighborhoodAnd here’s the thing:↩️These impact-minded investors still make a solid return, often with Equity Multiples over 3.0x.

Also, that makes sense, I need to include some estimated cost for trash, cleaning of common spaces, landscaping, and parking pad repairs.