VG Ops · Operations · 2026-05-05

VG Property Dropbox Folder Structure Standard folder template for all VG renovation/flip property projects.

Audience Project Managers & Operations Team
Updated 2026-05-05
Source reference/operations/property-dropbox-folder-structure.md
Derived from Beverly (120 Beverly Rd, Montclair) and Dogwood (2087 Dogwood Dr, Scotch Plains) as reference properties. Both are complete/sold deals — confirmed from actual Dropbox folder contents. The master folder template lives at Dropbox → Accounting Team → Acquisitions → Leads → Lead Template/. When VG becomes interested in a property, this folder is copied and renamed for that address. When the property is approved/purchased, the folder is cut from Leads/ and moved to the main property folder.
§ 01
Top-Level Structure
[Address], [City], [State] [Zip]/
├── Buying/
├── Financing/
├── Management & Rehab/
├── Pictures & Videos/
└── Selling/
§ 02
Buying/
Buying/
├── 0. Archive/
│ └── [superseded offer docs, earlier P&S drafts]
├── [loose files at root] ← pre-contract discovery docs (see below)
├── Legal/
│ ├── 0. Archive/ ← drafts, superseded HUDs, templates
│ ├── [YYYY.MM.DD_P&S Agreement_Fully Executed.pdf]
│ ├── [YYYY.MM.DD_Title Binder.pdf]
│ ├── [YYYY.MM.DD_ALTA_Fully Executed.pdf]
│ ├── [YYYY.MM.DD_HUD_Final.pdf]
│ ├── [YYYY.MM.DD_Deed.pdf]
│ ├── [YYYY.MM.DD_Owner's Policy of Title Insurance.pdf]
│ └── [other closing docs]
├── OPRA/
│ ├── [YYYY.MM.DD_OPRA Request_Submitted.pdf]
│ ├── [YYYY.MM.DD_OPRA Response_From [Name]_[result].pdf]
│ └── OPRA Request Language.txt ← standing template (both properties)
└── Stage 2/
└── [YYYY.MM.DD_Deal Analyzer.xlsm] ← financial model, updated during project
§ 03
Financing/
Financing/
├── Legal Description.pdf ← property legal description (standing doc)
├── 1. [Primary Lender Name]/
│ ├── 0. Archive/ ← draft notes, payoff drafts
│ ├── 1. Loan Setup & Documents/
│ │ ├── [YYYY.MM.DD_Promissory Note_$Xk_Signed & Notarized.pdf]
│ │ ├── [YYYY.MM.DD_Mortgage_$Xk_Signed & Notarized.pdf]
│ │ ├── [YYYY.MM.DD_Heter Iska_Signed.pdf] ← if applicable
│ │ ├── [YYYY.MM.DD_Recorded Mortgage.pdf]
│ │ ├── [YYYY.MM.DD_Discharge of Mortgage_Signed_Notarized.pdf]
│ │ └── [YYYY.MM.DD_Payoff Confirmation Letter_Signed.pdf]
│ └── 2. Statements/
│ ├── [YYYY.MM_Statement_Initial.pdf]
│ └── [YYYY.MM.DD_Payoff Statement_$X_Final.pdf]
└── 2. [Secondary Lender Name]_$Xk/ ← lender name includes loan amount
├── 0. Archive/
├── 1. Loan Setup & Documents/
└── 2. Statements/
§ 04
Management & Rehab/
Management & Rehab/
├── Insurance/
│ ├── Insurance Companies.txt ← running list of insurers used
│ └── SIP_Active/
│ ├── 0. Archive/ ← superseded quotes, policies
│ ├── [YYYY.MM.DD_ACORD Form_Signed.pdf]
│ ├── [YYYY.MM.DD_Fee Agreement_$100_Signed.pdf]
│ ├── [YYYY.MM.DD_SIP_NJ Affidavit_Signed.pdf]
│ ├── [YYYY.MM.DD_No Known Losses_Signed.pdf]
│ ├── [YYYY.MM.DD_SIP Certification of Effort.pdf]
│ ├── [YYYY.MM.DD_Inspection Report_Policy# X.pdf]
│ ├── [YYYY.MM.DD_Recommendation Letter_Policy# X.pdf]
│ └── [YYYY.MM.DD_Active Policy Docs_Policy# X.pdf]
├── VGHB Insurance Requirements.pdf ← VG's vendor COI requirements (standing doc)
├── Permits-Approvals-Township/
│ ├── [Garfinkel/] ← architect approval letters for specific items
│ ├── [YYYY.MM.DD_Construction Permits Application_Submitted.pdf]
│ ├── [YYYY.MM.DD_Permit Inspection Request_[Trade]_[Type].pdf]
│ ├── [YYYY.MM.DD_Approval for [Trade]_[Milestone].pdf]
│ ├── [YYYY.MM.DD_Not Approved_[Trade]_[Milestone].pdf]
│ └── [YYYY.MM.DD_Certificate of Occupancy.pdf]
├── Property Taxes/
│ ├── [YYYY.MM.DD_Tax Schedule_$X.pdf]
│ ├── [YYYY.MM.DD_Tax Payment Receipt_$X_PAID.pdf]
│ └── [YYYY.MM.DD_Delinquent Tax Notice_$X.pdf]
├── Punch-List-Checklist-Desc.docx ← standing punch list template (at root level)
├── SOW [Address]/ ← construction project folder
│ ├── 0. Archive/
│ │ └── [All SOW Categories.txt, SOW Checklist, archived surveys]
│ ├── 1. Drawings & Plans/
│ │ ├── 1. Site, Architectural & Surveys/
│ │ │ ├── 0. Archive/
│ │ │ ├── [YYYY.MM.DD_Property Survey.pdf]
│ │ │ ├── [YYYY.MM.DD_Architectural Plans_Final.pdf]
│ │ │ ├── [YYYY.MM.DD_Floor Plan & Elevations.pdf]
│ │ │ ├── [YYYY.MM.DD_Window & Door Schedule_FINAL.pdf]
│ │ │ └── [YYYY.MM.DD_Utility Plan.pdf]
│ │ ├── 3a. [Plan Type] Plans/
│ │ │ ├── 0. Archive/
│ │ │ └── [dated plan files]
│ │ ├── 3b. [Plan Type] Plans/
│ │ │ ├── 1. In-Progress-Archive/ ← versions pending Shlomo's review
│ │ │ │ └── 0. Archive/ ← older in-progress versions
│ │ │ └── 2. Approved-FINAL/ ← Shlomo-approved, ready to send to trade
│ │ ├── 3c. [Plan Type] Plans/
│ │ │ └── 1. In-Progress-Archive/
│ │ ├── 3d. [Plan Type] Plans/
│ │ │ └── 1. In-Progress-Archive/
│ │ ├── 5. Cabinet, Trim, &
│ │ ...[truncated at 8000 chars]