And a lot of times brokers tell you they're confident in a specific lender or loan, and then everyone's time gets wasted when it falls apart.Second, I wish there was like…a very clear set of documents that every lender wanted/needed, so if you wanted to take your deal to five or six lenders you could just put together a single package.

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

We ended up going way over budget and turning it into a single family residence and selling at very little profit due to loss in labor.

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.

As others mentioned - if market rent for it as a single family rental is $2,000 but you are getting $4,000 - they ignore the $4,000 and will underwrite it based on $2,000.

Quote from @Kim Li: I own a single-family rental that I plan to sell and use the proceeds (approximately $340,000) toward purchasing a duplex for about $1,000,000.

For a single-family residential property, the options outside traditional rentals are limited by zoning, but there are a few creative paths people have successfully used, like home offices for remote workers, small professional practices, or creative studios if local ordinances allow. 

Quote from @Raymond Diaz: Hi, My name is Ray and I came across a good deal on a single family home with acreage in OK that basically needs drywall and flooring to complete.

Quote from @Brendan Winans: I Made My Largest Single Profit to Date: $250K in 12 Months on a FourplexEarlier this year, I closed out a value-add fourplex that generated a $250K profit in just over 12 months.

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