One thing they have said is that they are glad I called before buying the property because a lot of new owners get sticker shock when their property taxes go up after a purchase.

It sucks.But That's why having multiple streams of income is imperative to your survival and future and that's why I'm obsessed with buying income-producing rental properties and house hacking 4-plex's They're an asset and pay me monthly. does anybody else have any shocking or scary stories but real estate saved the day financially??

The secondary market stopped buying of which I think showed their cards on what will happen if there is another market shock.  

We were initially shocked to learn that LL's preferred MTM leases because they favor the LL. 

I'm shocked that anyone would spend that kind of money using someone that has no knowledge or experience in purchasing real estate. 

As a former resident of Lancaster PA I am honestly shocked to see it on this list

I was shocked when my last tenant moved out it was two days after the 1st.

By the way, I belong to a Landlord MeetUp group, and we had someone from the office that developed and enforces the Just Housing Ordinance, and the speaker was shocked to learn that there wasn't a DIY screening service that met their requirements, and she didn't have any suggestions for us.

Use the calculators that are here on BP . . .they are invaluable in sizing up deals and comparing them . . . the ""other costs" as Matt mentioned will often shock newcomers and can turn a  good deal into a "run away fast" type of deal.Call a slew of lenders as you will find points, processing fees, underwriting fees, attorney fees . . .and the list goes on to vary a great deal.  

We were shocked they were asking so much for the property in this condition, however, it did include an additional 0.7 acre parking lot which included 100 spaces.I gather with my client and write up the offer.