New acquisition horror stories

[Michael K.]

Curious to know if other investors have had experiences where they acquired a property and realized a huge expense that they otherwise did not expect or uncover during due diligence? Or if they knew about the problem, but costs to fix the problem were far greater than what they projected during due diligence? Would be helpful to all of us, if any patterns emerge from these experiences, so as to know what to look out for during due diligence and before closing. Thanks.