The biggest mistake I see?

Quote from @Nick DiSanza: Most DSCR issues I see don’t start with the lender — they start before the deal is even submitted.The biggest mistake is assuming DSCR is just a rate and leverage decision, when in reality it’s an underwriting and structure decision first.A few examples I see regularly:– Deals modeled off optimistic rent assumptions instead of what an appraiser will actually support – Taxes and insurance estimated too lightly, especially in states where reassessments jump post-purchase – Choosing a DSCR product that doesn’t fit the property type or market nuance – Treating all DSCR lenders as interchangeable when their expense and rent treatment can be very different When DSCR deals stall, it’s usually because the structure didn’t match how that lender underwrites — not because DSCR “doesn’t work.”Curious what others are running into right now.

This really loops back to communication, but one of the biggest mistakes is blaming your contractor or other vendors when a project goes over budget or doesn’t sell as expected.

I look at my mistakes as tuition for lessons learned and a part of life. 

We’re a Property Management Company (PMC) in Metro Detroit ONLY, with 25+ years of experience, and we’ve seen owners make the same mistakes, over & over again when looking to hire a PMC – which drives us nuts!.

That’s why accurate underwriting and conservative expense estimates are critical.Common mistakes?

@Christopher RubioWe’re a Property Management Company (PMC) and we’ve seen owners make the same mistakes, over & over again when looking to hire a PMC – which drives us nuts!.

Quote from @Kelly Schroeder: One mistake I see often is using long-term debt for short-term plans (or vice versa).

Quote from @Jacklyn Robins: Ok, I already know I made mistakes here, so just hoping to save another out-of-state investor from stepping into the same mess.I hired a PM who came highly recommended by a realtor I no longer use (red flag).

Real-world lessons (wins or mistakes) would be great for newer and experienced investors alike.Looking forward to learning from the community and the different perspectives here.Thanks in advance for sharing.You'd be surprised to learn that only a few markets are declining at the moment.