How well can you manage multiple roommates?

I did specify my budget on multiple occasions and told her to let me know of anything extra that came up, Which she didn’t.  

Because you gotta have multiple exit strategies. 

Keeping everyone aligned—lenders, inspectors, attorneys—prevents bottlenecks that could derail the timeline.Lastly, tackling big tasks early (like ordering inspections or raising equity) is a game-changer.

These will be LTRs and I will most definitely be playing the long game with these.In addition, as rates go down in the future (hopefully) I plan to refinance as most of us do.

The tenant hasn’t been the greatest: late payment with not always paying late fees, multiple complaints from the neighbors, changing phone numbers, ect .

@Bob Asad I like the individual sub account method escrow account, but there are multiple different ways to hold security deposits and multiple laws in different states.

Your story proves that being in the game creates opportunities you can’t plan for.

Yes, the more units you go up, generally the less players in the game so there is some advantage in purchase competition as you go up, but also more management scale and cap ex for someone who is new.3.

I really like having multiple opportunities to make income from 1 property, including a worst scenario of converting all the units to LTR.