Legal compliance gaps Cleveland LAIC, lead paint laws, rental registration, city violations, inspection requirements, miss one and face fines.Emergency repairs at 2 AM Plumbing overflow from 2nd floor, burst pipes, no heat in winter, electrical failures require immediate local response you can't provide.Rent collection issues Hard to enforce late fees or pursue eviction without local presence and knowledge of Cleveland courts.Tenant manipulation Tenants know you're remote; some exploit this with fake emergency claims or delayed payments.Contractor reliability Can't verify if work was done, done correctly, or if quoted prices are inflated for "absentee landlords."

We are still seeing 80LTV cash outs with DSCRs in the 1.50+ range in several markets around the US where others aren't quite getting to 75LTV and barely breaking even. 

As with real estate investing, there will be bumps along the road and adversity faced.

Hello BP Community,We’re under contract to sell our primary home in Indiana, and I could really use some advice on tax strategies—specifically, a Deferred Sales Trust (DST).Here are the key details:Purchased in 2010 for $499KUnder contract to sell for $2.499M (closing scheduled for December 2, 2025)Current mortgage balance: $94KThis leaves us facing a sizable potential tax burden.From my research, a Deferred Sales Trust seems like the only option to mitigate the tax hit.

As with many here, I've been using a mix of Cozy (now Apartments.com), Stessa, and a few other custom workflows for turnovers that have worked well in the past, but with the takeover of Cozy by Apartments.com I'm now out shopping for better options for my primary, tenant-facing service. 

But if you look at "New York Attorney General Letitia James is facing allegations of mortgage fraud" and "California Senator Adam Schiff is under a federal criminal investigation for alleged mortgage fraud, specifically concerning claims about the primary residence status of two properties"You probably aren't as high profile as they are, but strange things are happening.

I recently received a notice from the city of Canton, Ohio that this property has numerous code violations that has to be corrected immediately or I will be fined heavily daily for violations or face imprisionment.  

That way, you can see if you need to change anything before you jump into the higher risk projects.I've also seen a lot of deals where the seller is a tried OOS investor who fell on their face because they jumped into the market blindly without the right preparation and connections. 

We are now faced with the following options fro renovation:1) Basic rebuild with minor upgrades to layout (better lighting, better bath, a bit more open), materials for 89K.

NOT saying you should do this but I have seen some investors slightly (some not-so-slightly) "inflate" the construction cost to recoup some of their money.The bigger challenge I think you face is getting with a General Contractor / Builder who has your same goals aligned with you.