I'd love to chat with someone that has made the jump from a SFH portfolios into bigger commercial investments.

- Loss of historical data (for both IRS audits and for personal portfolio tracking.)You should be able to print the general ledger and Balance sheet / income statement for each period.

However, it adds up quickly if you analyze the cost of turning the unit, marketing, vacancy loss, and your team's time to find a new tenant.

You can expect turnover costs, losses due to vacancies, and other expenses.

By diversifying, but still investing in the most promising deals, you limit the possibility of a devastating loss without limiting your upside.  

If they pay late now as is, let's say they lose a job or have a temporary loss of income, you're kind of SOL.I would look to build reserves between now and August.

@Keith WattsWelcome to Bigger Pockets.

Legal consequences and potential financial loss that could have been avoided with timely updates.2.

Evaluate the situation to see if you could have done anything differently to mitigate the loss and implement changes to your processes, but know that this happens and hoepfully just not too close together. 

They have never purchased a house themselves or flipped a property, but they look great on Instagram/Youtube and here in Bigger pockets, too.