The theory is spot on, in practice however that logic rarely plays out - at least in recent years where multifamily has been crazy.

(I'm currently dealing with a lawsuit for wrongful death on one of my properties - fun right?)

@Jason Khoury I purchased my current residence, a duplex, from a local non-profit about 5 years ago.

It's pretty common practice to have something like that in a property management agreement, and if it falls under that limit they're going to pay it and not notify the owner except in regular monthly updates because it is below the threshold of what is an ordinary expense in the course of business.

Another common practice for nationally sparse datasets such as tax data is aggregation.

Private money lenders are not always individuals (my company, for example), nor do they confine their lending practices to friends, family, and other investors they know.

definitely need to have lawyer look at it.Risks/additional hurdles- On the practical side, the absence of deeded rights makes tenancy in common ownership considerably more risky than condominium ownership, even where the TIC owners have separate financing.

It is such a common practice for these management software companies to charge these fees, so I assume it is not an issue, especially since they are a third party and the fees cover more than just the credit checks.Any insight is helpful!

That is one of my moves is to report Baselane to FTC for such fradulent practices, despite covered in footnotes in terms and conditions.

Started with the flip business 2 years ago and going strong. id say start by practicing comps in your area, learn your market and go to real estate meetups.