Like all real estate portfolios mine is somewhat susceptible to downward valuation in “bad times” or merely because of failed investment results. 

If you fail to pay your mortgage, the first lien can get control of the property or recoup money from the loan guarantor - probably you.

Lots of out of state investors get attracted to the lower price point but fail to realize it comes with a price!

I failed to mention we did get a commercial real estate agent.

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.

@Leonard Allmond do a search there are lots of posts here lately about syndications, and especially how they have failed. 

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.

Most mom and pop subs simply do not go through the steps.. but for us building new homes the bigger sub or material suppliers all use a service to file the pre lien notice which for us is a certified letter I get about 10 of them a month.As well as if they fail to file the lien at all subs and material suppliers can then go to court and file a suit for Unjust enrichment and go that  route. 

You don't want to be at year end trying to find receipts, looking back on bank accounts to see if you have a security on file, etc... great organizational systems rarely fail, your memory will. 

If I needed a deal and didn't have much funds to market I would pull an failed/expires MLS list from propstream and coldcall it until I got a deal.