Frankly, no matter how well you do safety, dumb guests will find some way to hurt themselves so insurance is a top priority.

Despite the challenges, the project was a success, proving that well-planned investments can lead to significant profits.

They offer great advice on handling these situations, including tips on dealing with the sheriff and eviction procedure, as well as navigating money judgment collection.In terms of whether you should hire a lawyer or manage it yourself, it depends on the complexity of your specific case and your comfort level with the process.

@Robert Ellis-Multifamily and Built to Rent-Minimum 100 Units - Maximum 450 Units-Markets: Dallas Fort Worth, NW Arkansas, South Dakota, Kansas City, South Carolina and a few others-A & B Class (C Class only in main markets and must be priced very well)- Primary focus: Straight from developer / merchant builder

All the water issues could have caused this as well.

I think you have the basics of meeting partners and people to work with in your local market and seem to be well on the way with two deals going already so big congrats there!

I’d love to connect with experienced landlords and investors who can share advice on getting started, selecting properties, and navigating the Section 8 process.

To avoid going through the same poor experience, keep reading.Even if someone gives you a referral here, do NOT make the mistake of assuming that the PMC will meet your expectations, just because they met the expectations of the referral source.In our experience, the #1 mistake owners make when selecting a Property Management Company (PMC) is ASSUMING instead of CONFIRMING.It's often a case of not doing enough research, as they don't know what they don't know!

Well then could we have a example of defeasance, maybe such as a Bob and Ted story?

Not only cities but property types as well.