The one hiccup we've had is that the roofs were in worse condition than believed - the owner mentioned that some of the roofs were recently done, but during due diligence, the inspection came back with a majority of roofs needing significant work; this was verified by the fact that there were no permits pulled.

One hiccup I'm foreseeing..

But we are afraid that with so many units being gutted and renovated, any hiccups or market downturn could put us in a very bad situation.

Hey Hannah,I've been doing it in Angeles and worked out well, even when I had hiccups along the way. 

I am more interested in anyone that has done this successfully in the past and what we're some hiccups or learning in your experience you may be able to pass on.

Too many lender hiccups in general there.

Here’s a chart showing mortgage rates alongside mortgage application data: Purchase demand is at record lows, but just barely compared to 2014.

I am looking to try and grow my portfolio relatively quickly over the next few years and I have already connected with a few others who are willing to fund some of these endeavors alongside myself. 

If they end up getting turned over to a collection agency, then that's going to show up on their credit along side the eviction. 

There are hurdles searching through the secretary of state to find members of the LLC--from there I pull up their numbers using truepeoplesearch.com and add it to the excel sheet alongside their street or mailing address and email if it's available.