It has been hard finding a place that 1) Doesn't get bid up by cash buyers that we can't compete with 2) Doesn't have 10's of thousands of capex out the gate3) Is in an area that I'd grade as C+ or better.

My agent has made me hundreds of thousands of dollars on deals.

I had to ask him about 3-4 times this was ok cause I was terrified of the Due on Sale clause, he cited in the thousands of LLC's for real estate he has setup, he has never seen a lender call the debt due.

Gravel he had not paid for and owed them hundreds of thousands  we paid for the rock and made him give us supplier receipts for the rest of the project and paid suppliers direct. 

Now we're getting a bill for few thousand dollars for so called services and maintenances performed. 

Did you see the report on CBC news yesterday about the thousands of empty condos in Canadian cities that were just built and find neither buyers nor renters?

I don't post here often, but I do like what Henry Clark had to say earlier about choosing properties that have been on the market for a LONG time.I used that strategy for a 1031 exchange from a small condo to a 6ish thousand square foot commercial office building (no experience).

I recently retired from the military and I don't want to ask for permission to do something reasonable anymore since I had to for 29 yrs.As the owner your little bit of energy savings and wear and tear on the unit will cost you hundreds if not thousands in lost revenue.

That’s my opinion and I am not shy to say it - but wow the hate I get for things like that because it’s not what they paid thousands of dollars to learn I am just a hater….

You also have the possibility of getting hit with special assessments over the years... these assessments can often be in the thousands of dollars.