Investment Disclaimer

1. Regulatory Status

Varro LLC ("Company") is not registered as an investment adviser with the Securities and Exchange Commission (SEC), the West Virginia Securities Commission, the Financial Industry Regulatory Authority (FINRA), or any state securities regulatory authority. Company is not a licensed real estate broker or agent in any jurisdiction. Company does not provide personalized investment advice within the meaning of the Investment Advisers Act of 1940.

2. No Financial, Investment, Tax, or Legal Advice

Varro is a real estate investment analysis tool that provides informational and educational content only. All information, analysis, scores, projections, and AI generated content provided through the Service are for general informational purposes and should not be relied upon as the sole basis for any decision.

Nothing on Varro constitutes, or should be construed as:

• Financial advice or investment advice
• Tax advice or tax planning
• Legal advice
• A recommendation, endorsement, or solicitation to buy, sell, hold, or otherwise transact in any property, asset, or investment
• An offer or invitation to enter into any transaction
• A guarantee or prediction of future investment performance or property values

3. No Fiduciary or Advisory Relationship

Your use of the Service does not create any fiduciary relationship, investment advisory relationship, broker-client relationship, or other professional relationship between you and Company. Company has no duty to:

• Act in your best interest or consider your individual circumstances
• Provide personalized recommendations tailored to your financial situation, investment objectives, or risk tolerance
• Monitor your investments or notify you of changes in market conditions
• Update or correct any information previously provided through the Service
• Ensure that any analysis, score, or projection is suitable for your particular needs

You are solely responsible for your own investment decisions and their consequences.

4. Consult Qualified Professionals

Real estate investment involves significant risk, including the possible loss of your entire investment. Before making any investment decision, you should consult with qualified, licensed professionals, including:

• A licensed real estate agent or broker familiar with your target market
• A certified financial planner (CFP) or registered investment adviser (RIA)
• A tax professional, certified public accountant (CPA), or enrolled agent
• A real estate attorney licensed in the relevant jurisdiction
• A licensed property inspector and an appraiser

Do not rely solely on the Service for any investment decision.

5. Projections and Estimates

Financial projections generated by the Service, including but not limited to cash flow, cap rate, cash-on-cash return, return on investment, estimated rent, nightly rates, occupancy percentages, and appreciation estimates, are hypothetical mathematical estimates based on assumptions, user inputs, and market data from third-party sources.

These projections:

• Are not guarantees of future performance
• Are not predictions of actual investment outcomes
• May be based on data that is incomplete, delayed, inaccurate, or outdated
• May not account for all relevant factors, including local regulations, zoning restrictions, property condition, environmental issues, or management quality
• Assume conditions, including interest rates, tax laws, rental demand, and economic conditions, that may change significantly
• May produce materially different results if different assumptions or methodologies are applied

Actual results will vary, potentially significantly, from any projections provided by the Service. Past performance of any property, market, or investment strategy does not indicate or guarantee future results.

6. Investment Score

The Varro Investment Score (0 to 100) is a proprietary analytical metric calculated using automated algorithms applied to standardized models and available data. The Investment Score:

• Is a mathematical calculation, not a recommendation, endorsement, or rating of investment quality
• Does not take into account your individual financial situation, investment objectives, risk tolerance, or tax circumstances
• Does not guarantee profitability, suitability, or investment quality for any individual investor
• May be based on data that is incomplete or inaccurate
• Should be considered only as one of many factors in your independent due diligence process

Different investors with different circumstances, goals, and risk profiles may reach entirely different conclusions about the same property, even with the same Investment Score.

7. AI Generated Analysis

Portions of the Service's analysis are generated using artificial intelligence and large language models. AI generated content:

• May contain errors, inaccuracies, hallucinations, or fabricated information
• Is generated by algorithms that may not account for all relevant factors
• Relies on third-party data that may be incomplete, outdated, or incorrect
• Should not be treated as expert advice from a qualified human professional
• May produce different outputs for the same inputs at different times
• Has no awareness of your personal financial situation or investment goals

You should independently verify all AI generated analysis before relying on it for any purpose.

8. Third-Party Data

Property data, market estimates, comparable sales data, and other information are sourced from third-party providers. Company does not guarantee the accuracy, completeness, timeliness, or reliability of any third-party data. You should independently verify all property information, market data, and comparable data before making any investment decision.

Third-party data is provided on an "as is" basis without any express or implied warranty. Company is not responsible for errors or omissions in third-party data.

9. Real Estate Investment Risk Factors

Real estate investment involves numerous risks that the Service may not fully address, including but not limited to:

• Market risk: property values may decline due to economic conditions, local market factors, or broader trends
• Liquidity risk: real estate is inherently illiquid and may be difficult to sell quickly or at a desired price
• Interest rate risk: changes in interest rates may affect financing costs, property values, and returns
• Regulatory risk: changes in zoning laws, rent control regulations, tax laws, or other regulations may adversely affect investments
• Property-specific risk: hidden defects, environmental hazards, title issues, insurance gaps, or required capital improvements
• Tenant risk: vacancy, non-payment, property damage, or legal disputes with tenants
• Natural disaster risk: floods, earthquakes, hurricanes, fires, or other events not fully covered by insurance
• Management risk: the quality of property management can significantly affect returns
• Financing risk: inability to obtain or refinance mortgage financing on favorable terms
• Loss of principal: you may lose some or all of your invested capital

10. Limitation of Liability

VARRO LLC, ITS OFFICERS, DIRECTORS, MEMBERS, EMPLOYEES, AND AGENTS SHALL NOT BE LIABLE FOR ANY INVESTMENT DECISIONS MADE IN RELIANCE ON INFORMATION PROVIDED BY THE SERVICE. YOUR USE OF THE SERVICE AND ANY RELIANCE ON ITS OUTPUTS IS ENTIRELY AT YOUR OWN RISK. THIS DISCLAIMER DOES NOT LIMIT ANY RIGHTS THAT CANNOT BE LIMITED UNDER APPLICABLE LAW.

11. Forward-Looking Statements

The Service may contain forward-looking statements, projections, and estimates regarding future market conditions, property performance, and investment returns. These statements are based on current assumptions and available information and are inherently uncertain. Actual results may differ materially from any forward-looking statements due to a wide range of factors, many of which are beyond Company's or your control.

12. United States Only

The Service is intended solely for residents of the United States and is designed to analyze United States real estate. Nothing in the Service is intended as an offer or solicitation in any jurisdiction where such an offer or solicitation would be unlawful.

13. Acknowledgment

By using the Service, you acknowledge that you have read, understood, and agree to this Investment Disclaimer. You further acknowledge that:

• You are solely responsible for your own investment decisions
• The Service provides informational tools, not personalized advice
• All projections are hypothetical estimates, not guarantees
• AI generated content may contain errors and should be independently verified
• You will consult qualified professionals before making investment decisions
• Past performance does not guarantee future results

14. Contact

If you have questions about this Investment Disclaimer, contact us at:

Varro LLC Email: colin@getvarro.com