It's often best to contact the county tax assessor to understand how their process works.Another common mistake is the target rents. 

From the way I’ve been thinking about it, the common thread across all three of the ideas you mentioned is how much execution and timing risk they introduce versus how much margin they actually create.

Where I tend to see issues is less with whether money gets spent, and more with when and in what proportion, especially on smaller infill deals where the margin for error is tighter.The common thread across both approaches is being honest about uncertainty early and aligning spend, timing, and expectations accordingly.

One common mistake I see and a lesson that applies almost everywhere comes up with by right multifamily projects.

Then refis, sales, or tax time turn into cleanup projects.A few common patterns I see:• Waiting until year-end to update books• Property manager statements not tying to bank activity• No clear property-level view of cash flowNot here to pitch, just sharing observations and curious if this lines up with others’ experience or if you’ve found systems that work better.

This is when margin for error is created.

In fact “the Google” says…Average Airbnb occupancy rates in the U.S. typically range between 50% and 60%, with 54–55% being a common benchmark for 2024-2025.

Louisville was recently named one of the Best Places to Live and Work as a Moviemaker, ranking 16 out of 25 nationwide. The takeaway wasn’t hype—it was execution. Filmmakers pointed to how workable the city is: locati...

So I'm just putting together my lease agreements and trying to get things set up to make as few set up errors as possible.

I agree with Taylor that most of the more commonly known lists of distressed sellers are heavily worked over these days.