Operations Reference · VG Home Buyers LLC

Property Dropbox
Folder Structure

Last Updated  2026-04-29
Source  Beverly + Dogwood (completed)
Status  Confirmed from direct walkthrough
Top-Level Folders  5

Standard folder template for all VG renovation/flip properties. Every deal receives exactly this structure in Dropbox at setup. Folder names, sub-folder conventions, and file naming patterns below are confirmed from two completed deals and apply to all active properties.

Top-level structure
[Address], [City], [State] [Zip]/
Acquisition
Buying/
P&S, title, OPRA, AR loop, Deal Analyzer
Debt
Financing/
Per-lender loan docs, statements, payoff lifecycle
Construction
Management & Rehab/
Insurance, permits, SOW, plans, vendors, utilities
Documentation
Pictures & Videos/
Phase-milestone photo and video record
Disposition
Selling/
Offers, P&S, Exhibit B, HUD, closing disclosures
Section 1 · Acquisition Phase
Buying/
Acquisition-phase documents from first interest through purchase close. Three sub-folders plus pre-contract docs at root.
Buying/
├── 0. Archive/                      ← superseded offers, earlier P&S drafts
├── [loose files at root]            ← Stage 1 / 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 Archive/                  ← drafts, superseded HUDs, templates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 throughout project
Pre-Contract Stage 1 docs — land at Buying/ root

Documents received before P&S execution are not sub-filed — they land directly at the Buying/ root. Standard Stage 1 docs:

  • MLS listing sheet / property detail
  • Offer guidelines from seller's broker
  • Buyer agency agreement
  • Seller's Property Disclosure
  • Lead-Based Paint Disclosure
  • Consumer Information Statement
  • Wire Fraud Notice
  • Dual Agency Disclosure
AR Loop Attorney Review sequence

After P&S execution, buyer's and seller's attorneys exchange contract modifications for 3–5 days. VG files these as a numbered sequence in Buying/Legal/:

  • ARL 01_[Buyer Atty's Letter].pdf VG attorney's opening letter
  • ARL 02_[Seller Atty Response].pdf
  • ARL 03_AR Concluded.pdf + email confirmation

Standing templates in Legal/0. Archive/:
AR Letter TEMPLATE.docx · TEMPLATE OFFER TERMS.txt · General AR Preferences.txt

Note — OPRA routing

VG-submitted OPRA goes in Buying/OPRA/. Seller-provided OPRA documents (included with seller disclosures) go in Buying/Legal/. Seller-provided certificates (Smoke Certificate, Oil Tank Certificate) also land in Legal/.

Section 2 · Debt & Lending
Financing/
Construction and bridge financing documents, organized one numbered sub-folder per lender. VG typically uses 2–3 private lenders per deal.
Financing/
├── Legal Description.pdf                    ← standing property legal description
├── 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/          ← name includes loan amount
    ├── 0. Archive/
    ├── 1. Loan Setup & Documents/
    └── 2. Statements/
Loan lifecycle — documents in order
At origination
Promissory Note
Signed & notarized
At origination
Mortgage
Filed to county; signed & notarized
If required
Heter Iska
Halachic finance compliance doc — certain lenders only
After county
Recorded Mortgage
Confirmation of county recording
Near closing
Payoff Statement
Multiple dated versions as amount refines
At payoff
Discharge of Mortgage
Signed & notarized; mailed to lender
At payoff
Payoff Confirmation
VG signs and sends alongside discharge
Cross-property lender reference

When a lender's primary docs are stored under another property's folder (same lender arrangement spans multiple deals), the folder is named [Lender]_SEE [Other Address] FOR DOCS.

Section 3 · Construction Phase
Management & Rehab/
The primary working folder during construction. Contains insurance, permits, the full SOW project folder, vendor records, and utilities.
Management & Rehab/
├── Insurance/
│   ├── Insurance Companies.txt         ← running list of insurers used
│   └── SIP_Active/
│       ├── 0. Archive/                 ← superseded quotes, old policies
│       ├── [YYYY.MM.DD_ACORD Form_Signed.pdf]
│       ├── [YYYY.MM.DD_Fee Agreement_$100_Signed.pdf]
│       ├── [YYYY.MM.DD_SIP_NJ Affidavit_Signed.pdf]
│       ├── [YYYY.MM.DD_No Known Losses_Signed.pdf]
│       ├── [YYYY.MM.DD_SIP Certification of Effort.pdf]
│       ├── [YYYY.MM.DD_Inspection Report_Policy# X.pdf]
│       ├── [YYYY.MM.DD_Recommendation Letter_Policy# X.pdf]
│       └── [YYYY.MM.DD_Active Policy Docs_Policy# X.pdf]
├── VGHB Insurance Requirements.pdf     ← VG's vendor COI requirements (standing)
├── Permits-Approvals-Township/
│   ├── Garfinkel/                      ← architect approval letters
│   ├── [YYYY.MM.DD_Construction Permits Application_Submitted.pdf]
│   ├── [YYYY.MM.DD_Permit Inspection Request_[Trade]_[Type].pdf]
│   ├── [YYYY.MM.DD_Approval for [Trade]_[Milestone].pdf]
│   ├── [YYYY.MM.DD_Not Approved_[Trade]_[Milestone].pdf]
│   └── [YYYY.MM.DD_Certificate of Occupancy.pdf]
├── Property Taxes/
│   ├── [YYYY.MM.DD_Tax Schedule_$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
├── SOW [Address]/                      ← construction project folder (see below)
│   └── ...
├── Utilities (Elec, Gas, Oil, Water & Sewer)/
│   ├── Things to do if the bill is unusually high.txt
│   ├── Utilities Intake Form_[date]_Updated.docx
│   └── [Provider Name]/
│       ├── [YYYY.MM.DD_Move In Welcome Letter.pdf]
│       ├── [YYYY.MM.DD_Billing Statement_$X.pdf]
│       └── [YYYY.MM.DD_Payment Receipt_$X_PAID.pdf]
└── Vendors/
    ├── _Vendor Folder [TEMPLATE-COPY AND PASTE]/
    │   ├── 0. Archive/
    │   ├── 1. Proposals & Quotes/
    │   └── 2. APPROVED POs & Invoices/
    └── [Vendor Name]/
        ├── 0. Archive/
        ├── 1. Proposals & Quotes/       ← pre-approval; unsigned or pending
        └── 2. APPROVED POs & Invoices/  ← executed and paid
Important — vendors vs. work orders

The Vendors/ folder holds proposals, quotes, invoices, and payment receipts. Signed vendor trade contracts (SOWs) are NOT here — they live in the Work Orders subfolder inside SOW [Address]/. See Work Orders section below.

Sub-folder · Construction Project
SOW [Address]/
The main construction folder, named for the property address. Contains all drawings, plans, PM materials, finishes selections, and signed trade contracts.
SOW [Address]/
├── 0. Archive/
│   └── [All SOW Categories.txt, SOW Checklist, archived surveys]
├── 1. Drawings & Plans/                    ← all IHA-produced plan sets
│   ├── 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–3d. [Plan Type] Plans/           ← MEP + specialty; numbering varies per deal
│   │   ├── 0. Archive/
│   │   ├── 1. In-Progress-Archive/         ← versions pending Shlomo's review
│   │   │   └── 0. Archive/                 ← older in-progress versions
│   │   └── 2. Approved-FINAL/              ← approved, ready to send to trade
│   ├── 5. Cabinet, Trim, & Closet Plans/
│   │   ├── 1. Measurements & Drawings/
│   │   │   ├── 0. Archive/
│   │   │   ├── 1. In-Progress-Archive/
│   │   │   │   └── 0. Archive/
│   │   │   ├── 2. Approved-Final/          ← "Approved for Printing" versions
│   │   │   └── [YYYY.MM.DD_FM's Measurements/]  ← FM field photos
│   │   └── 2. Material Lists_Ready to Submit Order/
│   │       ├── 0. Archive/
│   │       └── [YYYY.MM.DD_[Room]_Materials List.pdf/docx]
│   └── 6. Tile Plans/
│       └── 1. In-Progress-Archive/
├── 2. PMs Notes & PM Workbooks/
├── 3. Finishes & Selections/               ← VG internal finish reference docs
│   ├── [YYYY.MM.DD_Tile Finishes Schedule.pdf]
│   ├── [YYYY.MM.DD_Light Fixtures.pdf]
│   ├── [YYYY.MM.DD_Master Bathroom Finishes.pdf]
│   ├── [YYYY.MM.DD_Nonmaster Bathroom Finishes.pdf]
│   ├── [YYYY.MM.DD_Paint Schedule.pdf]
│   └── [YYYY.MM.DD_Tile Selection.pdf]
└── [2. Material Lists & Work Orders/  OR  4. Work Orders/]
    └── [YYYY.MM.DD_SOW_[Trade]_[Vendor]_Signed.pdf]
Drawings Folder Plan subfolder numbering — consistent positions
Always fixed

Folder 1 — Site, Architectural & Surveys (always)

Folder 5 — Cabinet, Trim & Closet Plans (always)

Folder 6 — Tile Plans (always)

Varies per deal (3a–3d slots)

Beverly: 3a=Framing, 3b=HVAC, 3c=Plumbing, 3d=Electrical

Dogwood: 3a=HVAC, 3b=Plumbing, 3c=Electrical

The 3x slots hold MEP + specialty plans — numbering depends on which trades generate plan sets for a given deal.

Plan Versioning Review → approval cycle for MEP and specialty plans

Plans that require iterative review (HVAC, plumbing elevations, cabinet/closet, tile) go through a versioning cycle:

1. IHA creates plan → YYYY.MM.DD_Name_V1_Pending Review.pdf → lands in 1. In-Progress-Archive/

2. Shlomo reviews → revisions requested → IHA updates → V2, V3… in same folder; older versions move to 1. In-Progress-Archive/0. Archive/

3. When approved → renamed to YYYY.MM.DD_Name_Approved for Printing.pdf → moves to 2. Approved-FINAL/

"Approved for Printing" is the locked-and-ready status label. It signals the plan can be sent to the cabinet/millwork fabricator or trade for execution.

Sub-folder · Trade Contracts
Work Orders — signed vendor contracts
Signed vendor scope-of-work documents live inside SOW [Address]/. The folder name evolved between deals but the contents are the same.
Folder naming (varies)
Location within SOW [Address]/

Beverly: 2. Material Lists & Work Orders/

Dogwood: 4. Work Orders/

The naming evolved. Current standard is the numbered Work Orders subfolder.

File naming
SOW file naming convention

YYYY.MM.DD_SOW_[Trade]_[Vendor Name]_Signed.pdf

Change orders append a CO number:
YYYY.MM.DD_SOW_ CO# 1_[Trade]_[Vendor]_Signed.pdf

Mark enters the payment schedule from each signed SOW into VPT.

Confirmed Trades Trade contracts found across both properties
Architectural Plans (Garfinkel)
Cleanout & Demo (J&J Demo)
Foundation Labor
Framing Labor
Roofing
HVAC
Electrical
Insulation
Sheetrock / Drywall
Flooring
Paint Labor
Landscaping / Hardscaping
Deck
Driveway
Gutters
Tree Removal
Section 4 · Documentation
Pictures & Videos/
Media files documenting the property at all project phases. In archived or downloaded copies, media is replaced with .txt stub files noting what was present.
Pictures & Videos/
├── [dated photo sets, labeled by phase / milestone]
└── [video walkthroughs]
Section 5 · Disposition Phase
Selling/
Documents related to the sale transaction. One folder per offer received, plus Legal/ for executed contracts and closing documents.
Selling/
├── 0. Archive/
│   └── [superseded contracts, earlier versions]
├── Legal/
│   ├── 0. Archive/
│   │   └── [superseded contracts, earlier HUD versions]
│   ├── [YYYY.MM.DD_P&S Agreement.pdf]
│   ├── [YYYY.MM.DD_Exhibit B_Scope of Work for Buyers.pdf]
│   ├── [YYYY.MM.DD_Seller's CD_Updated.pdf]
│   ├── [YYYY.MM.DD_Buyer's Appraisal Report.pdf]
│   └── [YYYY.MM.DD_HUD_Final.pdf]
└── Offers/
    └── $Amount – Buyer Name – Agent Name/
        ├── [YYYY.MM.DD_Offer.pdf]
        ├── [YYYY.MM.DD_Offer Letter.pdf]
        └── [YYYY.MM.DD_Proof of Funds.pdf]
Exhibit B Most complete single-source construction spec VG produces

Exhibit B (attached to the Selling P&S) is VG's formal specification commitment to the buyer. It covers: materials, finishes, fixtures, buyer-selectable items, deadline for selections, punch list rights, and post-construction cleaning. Dogwood's was 19 pages.

Distinct from the internal Finishes & Selections docs in SOW [Address]/3. — those are VG's working reference; Exhibit B is the buyer-facing commitment.

Seller's Closing Disclosure

The Seller's CD has multiple dated versions as the final number refines (use the _Updated.pdf suffix pattern). The version without "_Updated" in the filename is the original; the final used at closing is the most recent _Updated version.

Conventions
Versioning & File Naming
Versioning
Superseded documents

Superseded documents move to 0. Archive/ within the same folder — not deleted, archived in place. Every folder that receives iterative documents has an 0. Archive/ subfolder at its root.

File Naming
Date prefix enables folder sorting

All files use the pattern: YYYY.MM.DD_Document Name.pdf

The date prefix enables sort-by-date within any folder. For in-progress plan files, status suffixes are appended: _V1_Pending Review or _Approved for Printing.