That’s awesome that you’re already diving into market analysis with your MBA background—it’ll give you a huge edge when evaluating deals.

Financing: As Jaycee previously indicated, lenders primarily evaluate your personal financial circumstances.

Not selling anything, just trying to learn how builders are evaluating deals today.

Evaluate projected rent, HOA dues, vacancy assumptions, and long-term exit options.

And when it comes to real estate, not everything is as it seems.For example, I once evaluated a property where the MLS photos looked excellent and the agent described it as pristine.

It's a misalignment problem.This is why I'd argue the most important red flags to evaluate aren't just about the operator — they're about fit.

As you evaluate your options, here are 2 key considerations: 1) The buyer must be VA eligible or approved by the lender and assumption transactions often take longer than a conventional sale.

Getting clarity on how the refi will be evaluated before you buy saves a lot of pain later.On capital, many successful BRRRR deals start with conservative leverage and focus on markets where post-reno rents are provable, not just aspirational.Are you targeting single-family or small multifamily, and do you already have rent comps lined up for the refi phase?

Plumbing (supply and waste lines), Electrical, any auxiliary systems such as pumps, alarms, water heaters, HVAC, all need to be evaluated to some extent so you know what you are working with."

Lenders don’t just evaluate numbers; they evaluate timelines, scope clarity, and operational readiness.