Today on Replace Your Income, Kevin and Steve reveal the five property vetting layers Done For You Real Estate performs on every property we show clients. Buckle up and let us know in the reviews if you want to hear more.

1. **Market Selection (Pre-Vetting):**

- Before anything else, the market itself is selected based on extensive quantitative and qualitative research. This pre-header step involves data-driven analysis to determine which markets are primed for investment success.

2. **Agent Due Diligence:**

- The local agents are responsible for the initial screening of properties based on strict criteria. They evaluate properties on the MLS, gathering information from photos, seller conversations, and initial assessments before submitting properties to the internal team for review.

3. **Internal Team Property Analysis:**

- Once submitted, the property undergoes a comprehensive property analysis by the team. This step includes a thorough breakdown of numbers, rental potential, and estimated rehab costs. The team greenlights or rejects the property based on this deeper analysis.

4. **Third-Party Inspections and Appraisals:**

- A third-party inspector conducts a detailed inspection to identify any major issues. Simultaneously, an appraisal is done to ensure the property's market value aligns with the agreed-upon purchase price. Both are crucial tools for negotiation and validation of the investment.

5. **Property Management Company Review:**

- During the due diligence period, the property management company performs a walk-through, combining their own visual inspection with the formal inspection report. They provide a detailed assessment of what it will take to get the property rent-ready, further validating the analysis and ensuring no major issues were overlooked.

By having these five vetting layers, you mitigate risk and improve predictability in your investment process, creating a reliable system for long-term success. The additional step of having the property management company's inspection is invaluable, as it merges practical insights from both the property condition and its readiness for rental income generation.

Chapters:

0:00 - Purple

6:53 - Layer #1

9:35 - Layer #2

16:23 - Layer #3

17:06 - Layer #4

22:18 - Layer #5