Keep them warm with updates so your next approval is faster.

They had what I thought was a respectable company (USAA) and it turns out they don’t cover water damage.

Quote from @Shuchi Gupta: Hi BP community,Looking for real-world experience from multifamily owners or investors who’ve done a panel upgrade.I have an 8-unit building in Santa Clara, CA, and I’ve received 3 quotes to replace the main service panel & meter bank (9 meters total, including common laundry).What differs across the bids:600A Eaton meter bank Square D panel but amp size not specifiedOne bid includes the laundry subpanelSome bids don't include permit/engineering/stucco patchingPrices range from $19K to $38K some not including permit fees.Current setup:1960s buildingGas water heatersShared laundryUpgraded kitchen appliances over timeAll tenants have window AC units, No EV chargers yetQuestions:Did you go 250A or 600A on your small multifamily upgrade?

Replacing aging water heaters is also smart—it improves reliability and can be a selling point later.

Always document everything before you think you need too.2) Relationships > Numbers (Most of the Time) -  The best deals I've ever gotten/done didn't come from cold data - they came from warm, even my closest relationships. 

Hi Amy, thanks so much for the warm welcome!  

Hi Syed, thanks for the warm welcome. 

Thanks for the warm welcome and the book list!

thank you If the property was purchased in your name, and you transfer it with no consideration toa LLC, a good attorney would pierce that veil like warm butter since the LLC and yourself are not acting separately but jointly since you gave your LLC a property for no consideration. 

Keep two local banks, one DSCR option, and a private lender warm so speed never dies.