Either he's very selective (good — ask to see his last 3 closing statements) or he can't close deals and needs your capital to survive.

Real Talk: What Nobody Tells You About Doing More DealsMore deals do not automatically mean more success.A lot of people are chasing volume because volume looks impressive from the outside.But a bigger portfolio with weak systems, poor margins, and constant stress is not freedom.It is just a larger mess.The goal is not to collect deals like trophies.The goal is to build something durable.That means knowing which deals to pass on, which markets to avoid, and which opportunities are not worth the operational drag they create.Growth is not always healthy.Sometimes it is just faster chaos.Better deals beat more deals when the foundation is weak.Would you rather have more units or better control?

It rents fine it just won't command as much rent (in this market) as a larger 2/1 unit would get.

All subsequent deals will be similar up until we have enough property and equity that will allow us to pivot into larger commercial deals 10 years (or less if possible) out. 

Later on, the idea is to build a larger home on the property and rent out the smaller one.The property is also set up pretty well for a unique stay / glamping style STR, so that’s something I’m considering down the road too.After construction of the ADU, the comps show a pretty solid ARV, so the investment side is mainly equity initially, But I have options for cash flow if needed.

On Wednesday night the 10th, I got an email for the sellers attorney stating that after reviewing the final pay off statements the seller was short $35k and did not have the funds to close. 

Most of what we got came through my connections with my old banker buddies or from funds that help larger pools of performing loans.

Working capital - $25,000Minimum initial capital BEFORE first dollar of syndication money raised - $105,000 in addition Don many of these larger loans require a hefty due diligence non refundable deposit of 25 to 50k.. not that I have ever done one but thats what I hear and have been quoted on some larger loan scenarios.. the issue is are the lenders real or just pump and dump due diligence fee  thieves :)

Exhibit 4.4: Activity Log Business/Property:__________________ Year:____________ Complete the following by day:________________________________________________________________ ________________________________________________________________ ________________________________________________________________ ________________________________________________________________ ________________________________________________________________ ________________________________________________________________ ________________________________________________________________ ________________________________________________________________ ________________________________________________________________Under penalties of perjury, I declare that I have examined the information contained on this worksheet, including attached worksheets and statements, and to the best of my knowledge and belief, it is true, correct and complete.__________________________________ ___________________ Signatures (both spouses, if married) DateReg. § 1.469-5T(f)(4) provides that reasonable means for proving hours may include a statement of services performed AND approximate hours based on appointment books, calendars, etc.

Initially you need to get a copy of the current Rent Roll, delinquency report, and Security Deposit status; (request estoppel certificates if you move forward with an offer) year end financial statement for 2025; terms of each Rental Agreement; who pays which utils (and LL cost); what is the Tenant parking situation; who owns the major appliances; when was it built; is there know asbestos containing material or lead based paint; has plumbing or electrical had any significant upgrades; has main sewer line been scoped within the last year; have there been any leaks, anywhere in the building in the past 5 years; size (btu) and type of water heater(s); size and type of AC unit(s); is there a common laundry area or individual hookups in each unit; is there a wired fire alarm system; is there a fire sprinkler system; is there a security camera system; how old is the roof; how old is the exterior paint (siding and/or trim); who performs groundskeeping and at what current annual cost; how is regular and large or bulky item trash removal handled, and at who's cost; is there any pest control provided, and at what cost;  is there a "system" of keys for the building (type, master keyed or not, controlled access via programmed prox readers), and a few more that escape me at the moment.Be sure you understand the legal boundaries that the Selling Agent is bound to.