Finally, all plugs will fail at some point.I am not saying to avoid properties with old oil and gas activity, but you need to know much more detail about the potential issues than what is currently done.

So, if you fail to apply the correct assumptions to a property, your expectations won’t be met, and it may even be a financial disaster.We use the following to rank Property Classes, in order of importance: Property Tenant Pool: closely linked to location, but not always.

I think taking that approach will do wonders for anyone experiencing a bad PM partnership more than anything else.Then if all else fails, start reaching out to new PM's to explore how they can "right the ship".

Yes, I failed to put in my first post that my Husband and I have a tiny bit of experience having an Airbnb in our backyard. 

It sounds like this a matter of character - the structure and deal checked out, but the borrower failed to execute as agreed.

So, if you fail to apply the correct assumptions to a property, your expectations won’t be met, and it may even be a financial disaster.We use the following to rank Property Classes, in order of importance: Property Tenant Pool: closely linked to location, but not always.

Not knowing what to do, they probably didn't even know what to say, so they buried their head in the sand.I'm not justifying this behavior, I find it repulsive, but I've seen it so many times in the decades I've been in this industry that I'm just reporting what history has taught me has likely happened here.It sickens me to be the one to deliver this news--the sponsor should have kept you informed every step of the way and failed in their most basic duty--to communicate with investors.  

Marc, septic tanks aren’t automatically a dealbreaker, but they do come with extra considerations — especially for STRs where guest behavior is unpredictable.The main risks are improper use (guests flushing things they shouldn’t, overloading the system with water from laundry/dishwashers/showers), costly repairs if the system fails, and the need for regular pumping/maintenance.

I've seen the 75% rule fail miserable once real world factors take hold.Sourcing is a huge factor. 

In this business, whether you’re renting out a duplex in Columbia or a room in Rock Hill, one thing stays the same: you need to understand the law—cold.As someone who’s built my career managing, developing, and investing in property across South Carolina, I’ve seen what happens when landlords guess, tenants overstep, and managers fail to run things by the book.