What Is the Upfront Cost of Due Diligence?

The carrying cost on these deals, even without debt, can be one to 500 grand a month. When they see us dropping the amount of work and money in for a deal, they know we're serious. We'll send the team out and our due diligence costs are five to six figures easy. But it's cheaper to know up front. Our calling card is we've done our homework and therefore it's gonna be smoother than it will be with another party.