My assumption is that the LOI generator is ready for prime time. But the status tracker is not. Is that correct? If so I recall there was a sheet for status tracking… Are we still using that?

https://docs.google.com/spreadsheets/d/16Ptt6P_GuxQCQDhgwh3YVK7fc3EJpzKwGQwWqLZeLe8/edit?pli=1&gid=0#gid=0

I just want to take a moment to say thank you to @Steven Glaude for building such an amazing community. The resources you provide, the training, and the transparency you lead with are all incredible. I’m so excited to be a part of this and can’t wait to see what I can contribute back as well. Had a great student led Zoom call this evening and wanted to give a special shoutout to @OmniPro-BobT @Jay Pak @Jay Reyna @Sofia Harrison @Bryan Robinson @Walter Piagentini and everyone else on the call for patiently answering my endless questions and helping me get my first LOI filled out — your support means a lot. I look forward to getting to know everyone better and to crushing this space! Truly grateful for this community and all the ways we can learn, grow, and move forward together. Let's unite and move the needle faster!

https://instanthotelshq.com/loi-generator

On our LOIs in the first stage we usually write that the buyer intends to obtain commercial financing at 70–80% LTV. But in practice, some deals actually use much lower leverage, like 40–50%. Why do we still use the 70–80% language, and is there a better way to phrase it without confusing the seller?