Nothing helped me see how my actual property performance compared to my original projections.

What you'll find is it won't be as easy to cashflow as you think🤨You're basically looking at 100% financing.This would have worked 5+ years ago when property values were still depressed vs rents, but very difficult to find now.The only way it MIGHT work is if the private lender is willng to forego payments until you can refinance to pay them off. - How long this will take will depend on your purchase price, forced appreciation via improvements and market appreciation.FYI: private money usually refers to you borrowing funds from family or friends.

Look at at least 12 months of actual performance, not projections.

Now you have a 35% head start on the project costs.Now the house needs 70k in work to get a C/O. 

However, these projects often require significant upfront capital, which is where bridge financing becomes a valuable tool.Key Benefits of Bridge Financing for Value-Add Multifamily Projects1.

laughed when I saw that comment as you are correct don, we correspond with multiple DSCR lenders who are the institutional lenders and most do not allow a second and if you do it has to be disclosed upfront and never would allow 100% financing on it AND it still has to meet their DSCR requirements.Saying it does not matter basically is admitting to mortgage fraud.

Sorry if this is a basic question, but I am new to this.Thank you!

The failure to pay the security deposit after move-in is also a major red flag, as it signals either an inability or unwillingness to satisfy basic contractual obligations.As a best practice, at minimum, first month’s rent and the full security deposit should be collected in certified funds prior to granting possession.

You’re not a random office where they’re one of 200 clients.Communication – Clear update schedule (monthly report, repair approvals, tenant issues).Cost savings – Yes, lower fee, but frame it as efficiency, not discount labor.Shared trust – You’re protecting their homes like your own.But — and this is important — you also need to show you’re taking this seriously as a business, not a favor.Before you pitch, line up:A basic management agreement (spell out duties, fees, repair limits, etc.)Process for maintenance (who you call, response times, emergency plan)Screening criteria (income, credit, background, pets)Rent collection system (online payments only — no chasing checks)Local landlord-tenant laws knowledge for VAStarting tips that matter most:Screening makes or breaks everything.

Active across infill projects, remodels, and new construction throughout the Triangle and surrounding markets.Would be glad to connect and share insight on local trends, construction costs, land opportunities, and anything you need for a strong soft launch.