LOTS of paperwork, unfavorable terms, tenants get the upper hand, bad inspectors make things miserable, a huge delay in getting paid etc.Ive had an inspector fail a unit for no hot water heater ( it was a renewal inspection, not even initial), she wasn't aware the whole building had a centralized boiler.

Be Ready to Walk AwayEven in a tough economy, it’s crucial not to overpay or settle for unfavorable terms: Stay Disciplined: Stick to your investment criteria, whether it’s cash flow, return on investment (ROI), or value-add potential.

As my original post implies, I am taking a non-sentimental approach to the point of researching what I can do to ensure against unfavorable situations many people find themselves in.

Hmmm, with a high or unfavorable debt to income ratio, its going to be tough to work past that. 

Banks use overlays to reduce their exposure to certain markets or segments they are either not familiar with or have unfavorable experiences (loss money) in the past.Hope that helps.

Wholesalers create daisy chains and unfavorable purchase price points to legit buyers.

I saw dog owners in an unfavorable light.There are just so many people with dogs now, but with others caving in it helps distil the pool of applicants.

And yes, attorneys make money from forming LLCs, but they make way more when you were negligent and didn’t know what you didn’t know and end up in a lawsuit.All this being said, LLCs confuse lenders because they don't understand that most of the time they are disregarded entities (for tax purposes) and rather than try to go another level to understand what the borrower is doing, they just outright give unfavorable lending terms. 

Lending is better when you already established your equity.3) unfavorable tax treatment compared to rental income

During my two trips out there, getting a rental car and driving the streets was the best way for me to get a feel for it...before going I also utilized Google Maps street view (albeit these images are mostly dated).Property prices out here (in CA) and unfavorable landlord treatment in general made considering to Indy easy.