A real estate agent friend told us it was going into foreclosure and we did some research to find the court auction How did you finance this deal?

Having said that, this house will function as a second home for us when we can get away and not a STR 365 days a year (at least immediately).

Operating agreements function as a legal contract between or among members of a multi member LLC, though even single-member LLCs can benefit from one, too.Joint Venture Agreement: In its simplest form, this will outline what is expected from each party throughout the duration of the partnership.

Architects are typically really good at understanding design, functionality, maximizing spaces (design), building codes, etc.

Goals for this deal:- secure precisely 3 units within 1 mile of Rillito Bike Path @ Dodge Blvd: easy to access all major Tucson road cycling routes- property layout functional for STR: adequate parking, separate backyard spaces, etc- walking distance to Brandi Fenton Dog Park & Tucson Hop Shop (best bar in Tucson)- pay house cleaner & landscaper to periodically clean primary residence out of AirBnB income (still working towards that!)

The goal is to maximize the process and if you have to walk your team through a brand new spreadsheet every time, it’ll get chaotic.We at Compounding Capital have our own called Nucleus but a number of masterminds and groups have their own.To start, focus more on learning the intricacies of how the spreadsheet functions (seriously, just pick one) and how the various levers impact returns and you’ll be able to transition between spreadsheets easily enough in the future.#30My biggest tip for underwritersUnderstand incentives.

That is the first question any attorney/courts will ask.60 days is best practice and it is what I do and recommend to clients.

You are in one of the heaviest regulated, litigious places on earth and need to know that the contract you use has been proven in court.

I am looking at replacing 45 junk windows in my 4 unit that are all drafty and don't function properly.

They function just like conventional loans.If you are ever asked for an application fee, that is a major red flag too.