I did my first one with the help of my buyers agent, the title company who supplied the promissory note for free, and a few hundred bucks for my lawyer to review the docs prior to closing.

So that is another reason to be cautious for both positive (and negative) reviews of a program

Quote from @Srinivasa Subramanian: @Keith Jablonowski we experienced a similar issue with laundry and we swapped ours out with coin-ops which helped us to reduce these issues and generate some passive income as well.  

Hey BP,I’m reviewing an infill lot in the Spartanburg SC area and wanted some local insight from builders or investors active in the Upstate.Basic details:• Sierra Rd area• ~7,350 sq ft• Public water/sewer at street• No HOA• Several new builds nearby in the $260k–$265k range• Needs clearing/gradingI posted the full breakdown in a Classifieds listing per BP rules, but I’d love to hear from anyone familiar with recent new-build activity in this pocket or who has experience building in this part of Spartanburg.Thanks for any feedback.

I have a question about the tenant review part you mentioned.Is it actually possible to find out things like a tenant’s age, income level, or DHCR registration history before making an offer?

If not, what evidence did you provide to the review committee ?

I don’t know how all the other experienced investors have been doing this year but my motto this year has been stay alive in 2025 - both literally and figuratively.

Curious what others are experiencing with current terms.

I cannot tell you how many times I review a property and they have no T-12 or expenses or anything to share.

To your point, the "boom" being over but rules changing is what most of the rest of the country have experienced years ago, I think AC was just behind.