We also find that 1031 investors sometimes settle for a less optimal property to meet the tight deadline - another hidden cost.

@Stevan Stojakovic Hey Stevan, for me, as a first-time investor, the biggest fear is getting stuck with financing that limits flexibility like high interest rates, hidden fees, or terms that make it hard to scale quickly.

Took me about 9 months start to finish and cost around $25k.The biggest pain points were city delays and finding hidden issues once walls came open.

Many investors skip this and end up unhappy simply because they hired without clarity.Once your list is clear, develop interview questions that directly relate to those tasks.Red flags include poor communication, vague or hidden fees, lack of thorough tenant screening, and a weak maintenance process.

For example, I once re-roofed a house where hidden layers of shingles and extra decking added unexpected costs.

I'll add that you'll need to search more for hidden opportunities below the surface of markets you're looking in.

Failing to conduct thorough due diligence could saddle you with the seller's hidden debts

Similar to what has been listed, here are the top three pain points I hear when an owner is switching property management companies: 1- Lack of Communication - owner and tenants wait days or weeks to hear back from their PM 2- Maintenance - PM completes repairs without approval and has crazy markups 3- Hidden fees- certain fees are not disclosed up front such as renewal, move outs, etc. 

Decide your property class & tenant profile first, then shop deals that fit it (A/B/C isn’t just a vibe—it drives rent stability, turnover, and maintenance).Old houses, hidden CapEx.

Instructions from From OR-24Use this form only to report the exchange of business and investment property in Oregon for property outside Oregon when you defer gain on an exchange of like-kind property under Internal Revenue Code sections 1031 or 1033.