It almost always does once inspectors, insurers, or lenders start asking questions.If you’re unwilling to pursue retroactive permitting, the cleanest path is usually a combination of pricing + documentation + targeting the right buyer type.Not ideal, but very manageable.

I also missed some of the big wins from property appreciation.I wasn't immune to underperforming syndications, I invested with a GP in a A location, older retail/office property, only to have the GP:- Close the loan on different terms than presented (20% more interest expense)- Close the deal with less money raised then promised, so distributions immediately were reduced / suspended to build the remaining equity- GP "founder" immediately leaves the company when new deals stop, leaving a smaller restructured company to the CFO.The only reason I'll get my money back plus some return on this is the combination of luck with the CFO, an A location property staying occupied, and it being a CMBS loan with guardrails around reserves.

On top of that, there is usually a delay while waiting for parts to arrive and then scheduling a second visit, all while the tenant is without a functioning unit.At that point, replacement starts to make more sense for me.

I use Lovable.devHonestly, it's scary what AI can do.Sign up for a Lovable free trial, and give it a command:"Create a property management Lease Tracker Application"Once it creates it, you can add features:"Add functionality to manage Maintenance requests"Or, something like "Create a Guest payment App for someone to pay rent online"You can have it create listing pages, portfolio or property-specific websites.Or, use ChatGPT by saying "Create a Louisiana Lease for the tenant ... with these terms..."

I know, because I used to be a litigation and trial attorney in Houston (mid-sized firm; the two roles were combined) who specialized in defensive litigation of real estate and banking issues. 

Interesting combination of CO and TX.

You came to the right place to build your network and knowledge base.This community is full of helpful tips and solid local Real Estate contacts.To make the most of it, use the search and keyword alert functions to find topics and people of interest.All the best!

I'm considering the purchase of a combination apartment/rooming house in my local area. 

Because things almost never go to plan, one should never invest in RE without 20% cash for downpayment and a good amount of reserves.The combination of: low price point + remote + rehab is compounding risks quickly to the point where I think it's unacceptable.

We realized that we're leaning towards lenders thatoffer asset depletion income that can be combined with projected rental income for an owner-occupied duplex or any multi-family.