What surprises have you run into once the walls came down?

I've successfully worked with quite a few clients on acquiring LTRs in Surprise/the west valley. 

💸 Tax season is predictable — yet many property managers treat it like a surprise.❌ The common mistake: collecting rents all year without setting aside a tax reserve.

I have been looking at small towns across the West and stumbled across one that completely surprised me.

We are doing one know that an $8,000 expense we had not expected but had set aside a contingency for You will ALWAYS have surprises.  

Quote from @Michael Santeusanio: Closing costs can creep up and surprise even the most prepared investor.

HOA's scare me a little with the assessment fees and all the possible surprises.  

I wouldn't be surprised if there was a deliberate attempt to raise funds in smaller amounts targeting unsophisticated investors.

One of the most surprising things I’ve learned about foreclosure is how often homeowners don’t realize what financial tools are available to them.Options like:Loan modificationsReinstatement plansRefinancing if there’s equityTemporary forbearance agreementsI’ve seen situations where just understanding these possibilities completely changed the outcome — from losing the home to keeping it.For those of you with experience in this space:Have you seen lenders willing to work with homeowners more often lately, or less?

.​👉 Good news: we work with lenders who DO allow DSCR loans on commercial properties.​But here’s the catch…​Lenders only look at the real estate value (the property).​They won’t include the business value in their appraisal.​Example:One of our appraisals came in at $400K with business included.The lender adjusted it down to $360K for property only.That’s a $40K difference—and it matters.​Key takeaway:DSCR = asset only (the property).SBA = property + business.​If you’re exploring Assisted Living or Sober Living with DSCR financing, know the difference before you get surprised at closing.​Have DSCR questions?