It's a shame but it's reality. 

But simplicity doesn’t always mean safety.Here’s the reality check: when that “one tenant” moves out, you become the one paying for everything.While occupied, tenants often cover utilities, yard care, and sometimes minor maintenance.

A recent case in Miami shows something deeply troubling about our property system.
A 4-acre parcel, located in the far suburbs and valued at less than $1M, has accumulated over $3 million in charges, just from three ...

Quote from @Adam Macias: A 50-year mortgage sounds like affordability — but it’s really it'll be debt that never ends. lolOn paper, stretching a mortgage from 30 years to 50 lowers the monthly payment, yes.But in reality, you’re paying far more in interest while barely building equity for decades.If you buy a house at 25 years old if you're lucky, you'll be 75 when the mortgage term ends...It’s housing that feels like ownership but functions more like renting — just with a longer contract and a higher total cost.The real problem isn’t the length of the loan.It’s the affordability crisis that’s forcing people to consider lifetime debt as a solution.Until we address prices, wages, and supply, extending loan terms only delays the inevitable...The further elimination of the middle class chasing the American Dream of owning a home. 

We live in Puerto Rico and what you state is not the reality on the island. 

Ken if there are junior liens on the property overage over what the first position lender goes to them next not the owner.. so in reality it goes.1st position2nd  or junior leins3rd liens if any etc.then if anything is left goes to the owner. 

**OPERATING COST REALITY CHECK:**- Insurance: +29% YoY (coastal exposure + reinsurance crisis)- Maintenance: +24% (labor + materials)- Property Taxes: +22% (reassessments catching up)- Condo Fees: +45% since 2021 (SB 4-D structural compliance)**MARKET DYNAMICS:**- Luxury ($1M+): 10.2 months inventory, seeing 10% discounts- Single-family: 6.4 months, still climbing 4% annually- Condo/townhome: 12 months inventory (buyer's market forming)**CAP RATE SPREAD:**- Miami core (Brickell/Downtown): 4.7%- Suburban (Doral/Kendall/Homestead): 5.3%- 60bp spread = biggest arbitrage opportunity in years**INVESTOR BEHAVIOR SHIFT:**Seeing capital rotate from luxury spec plays → workforce housing with stable cash flow.

Quote from @Rick Albert: Florida and Texas have been able to keep up with construction demand, which creates more inventory.The reality is if you hold onto a property long enough you will likely be fine.

The reality is the opposite - if it's not in writing then the PMC doesn't have to provide the service or can charge extra for it!

Key: get the seller to agree in writing to subordinate, verify your lender’s lien priority, and build a draw schedule that covers carrying costs and contingency. for a novice first time builder while this is technically possible in reality it will never happen unless the seller has no clue and the lender is more clueless.. or if the lender is a relative.