Hi Isabel,What you’re running into is very common in competitive markets like Chicago.

• Common pitfalls or risks I should be watching for?

That can happen, but it’s not very common, especially for someone new.

What you’re describing is common, and it usually comes down to how the screening data is sourced and verified.Not all background checks are the same.

Flip side of that coin, it's an all too common story of getting into something less then ideal because it's what closest was secured.

yeah this is very common. think of the prior listing as another appraisal. 

For residential rentals, it’s common to see 20–35% of the building basis moved into those shorter buckets.Because you bought in 2020 and 2021, you can still do a “look-back” cost seg.

Common vs. pref equity? 

You would have something in common with the attendees.  

Prohibited transactions remain the most common source of SDIRA compliance failures.