“I missed the instructions—can you repeat them?”

The deeper I get into building a campground from the ground up, the more I realize how misunderstood this asset class is — especially by investors who only look at traditional real estate.
Most people think campgroun...

There are no hidden costs that have caused me to seek a property manager.  

Are there any hidden risks to consider with MFH's?

Quote from @Giovanni Choisne: With the recent severe weather and other unexpected issues that can come up during a project, I’ve been thinking more about how experienced investors factor in the things you can’t always see upfront.Even when the numbers look solid, surprises like weather damage, delays, or hidden repairs can change the outcome quickly.

@Stuart UdisHi Stuart, excellent points on determining whether the BRRRR was a successful BRRRR even though it might be profitable and you were able to pull allor most of your money out of the deal.By knowingly not completing the necessary repairs, the success is somewhat hidden from the facts.

Come up with questions that will give you new insights.Tonality, body language, and hidden cues can reveal a lot about the property sellers and their intentions.

Hidden fees, policy interpretations, and late-stage surprises only surface through jurisdiction conversations and local expertise.

While I have a VA covering this now, if you're not at that point yet here is a good free way to cover yourself for late night emergencies without being up all night with your phone dinging.1) Create a Google Voice number (free)2) In your check-in instructions, list that number as the after hours emergency only number3) In your phone settings you can choose specific apps to bypass Do Not Disturb.

"Most claims are known overflows, not hidden leaks."