Additionally, I plan to make this two units ( upstairs and downstairs) at some point but for now I’m looking to take equity out of the property.

Great deals are common.

They are more commonly full guts with major mechanical reworks.  

As a realtor myself, I can say that submitting multiple offers and requesting disclosures is common for investors who are serious and detail-oriented.

If you’re doing out of state and using a PM, have them list you as “Additional Insured” on their policy every year.  

I built Pathwaize to include agents that handle inbound calls, qualify leads, and book appointments instantly - so no deal slips through the cracks.On the website side, we use AI chat and click-to-voice agents that act like trained REI assistants - they can talk with motivated sellers, screen leads, and even handle common questions.It’s not about replacing people - it’s about removing delays, keeping communication 24/7, and freeing up time to focus on other tasks, like closing deals.

This is how we have it structured but wanted to make sure we weren't missing any additional opportunities. 

A few questions I’d love feedback on:Are there common traits among sponsors who lost investor money?

If you already have contact info for current and former tenants, you could ask some survey questions like:How responsive is the property manager to maintenance requestsHow professional and respectful is the communicationAre the common areas and grounds well-maintainedIs it easy to reach someone when neededOverall, how satisfied are you with the property management If not, see if the PM company is willing to distribute it on your behalf, though keep in mind that this may affect the honesty of responses. 

Yes for sure, super common.