I’ve basically nose dived into the unknown and come out on top somehow.

I bought a few properties with some deffered maintenance issues handed down from the previous owner.

How do you all attack it? 
Is there a checklist you use or a certain group of tasks that you have the trades per...

Point is the future holds multiple unknown variables.

There are too many unknowns to try and predict that.  4.

The additions were a huge unknown.

:- Capital is tied up with an unknown repayment period and relatively low liquidity (I understand that liens can be sold/assigned, but I am not aware of any real secondary market for them).- Limit’s capital available for purchases of new liens this year.- Purchasing subsequent liens doesn’t improve rights to ultimately foreclose on the property as the senior lienholder would just pay off junior lienholders in the event of a foreclosure.Most of the institutional investors I have seen at the larger auctions were purchasing liens at a 5-6% premium last year (on a 9% note).

However, if you keep the deposit and the tenants later sue for this (not unknown) have all your "ducks in a row" regarding the evidence that you make an immediate and reasonable effect to re-rent the unit as soon as possible.Gail

So many people let the fear of the unknown influence their decisions!

As exciting as it is to immediately think scale, there can often be problems/unknown factors that arise with the first few properties.

Can we just call the police and say we have unknown people living in our apartment?