Ward III Really great checklist, completely agree that readiness drives confidence with lenders.A few elements we’ve found helpful to include as well:▪ Sensitivity analysis on DSCRJust a quick look at how the deal holds up under different rate or OpEx scenarios.Shows we’re realistic about what’s changing in the market.▪ Institutional OpEx benchmarksA one-liner that ties expenses to actual operator averages helps align expectations early.▪ Brief risk/mitigation bulletsDoesn’t need to be heavy, just shows we’ve already thought through the downside.Those couple of additions have made conversations with lenders much more efficient on our end, especially when moving from preliminary interest to real underwriting.Appreciate you sharing this, would definitely like to take a look at your full checklist PDF as well.

Quote from @Shaza Atassi: When I put together a deal package, I don’t stop at just the financials.

You can prompt it to "Create an Application that assists Borrowers with quickly creating comprehensive loan packages for submission to a Lender for financing"There's a lot of hype about AI, but it can be really helpful for building super-specific Apps with minimal effort.Hope this helpsGeorge  Thanks George.

And design elements don't necessarily cost a lot, but it can make the place memorable.

Real estate investment touches on a lot of different elements, so what is missing for you? 

I am in the process of purchasing multiple (6-8) SFRs in a package. 

How do you usually decide which design elements are worth the extra spend?

We obtained the full financial package, and the seller's "Pro Forma" is built on a complete fantasy.The descriptive reason for the high cap rate is that the seller is using deceptive and impossible expense projections.To get their advertised 15.26% cap rate, they are projecting that as their Gross Rent increases by $75,900, their Total Operating Expenses will simultaneously decrease.Here's the breakdown of their math:Taxes: They assume $0.00 in property tax increases, which is impossible.

Even if the window/doors are not a common element, I would reach out to the HOA and request a copy of the contract between the HOA and the landscaping company.

Same goes for repairs, design elements like painting or upgrades.