Of course, you won't listen to this common sense because you know more than everyone else here on BP and will have to learn the hard way.So, recommend you find and attend some local investor meetings or commit to watching all the videos and reading all the material here on BP that you can.Good luck:)Not the reply I expected considering asking questions is a part of the learning process but thanks for your insight!

You will also find hard to refinance it (lower interest rate expectations in future) if you are not in the US.

The property was acquired with the long-term vision of capitalizing on the nearby development of a casino, expected to attract workers and residents.

I realize now that I should have 1) signed a contract with the company with expected dates and payments as things got done and 2) figured out beforehand if this company is even competent.

If you expect a large tax balance this is why people rush to get it into services ASAPEdit: To also add if the taxpayer qualifies for the "STR loophole" as some call it, even if they don't have much rental income, they could use the losses produced by that STR to offset other income.

By already being in a property you'd be able to refi when the rates lower instead of participating in what I expect to be a period of bidding wars.

If you need to do Skip Tracing, mailers, and "Propstream", you don't understand the concept of motivated sellers, and that is why so many of you struggle.If you do not understand the concept of motivated sellers, how do you expect to be successful in finding them.I recommend you read my post here:https://www.biggerpockets.com/forums/93/topics/1215116-all-i...

I expected replies like this because I know it's different for everyone.

Below is my understanding but recommend confirming all of this with an attorney.Lease Terms and Updates: In Wisconsin, you can add clauses to the lease that spell out cleanliness expectations or even include a cleaning service if needed.

That's a low-return improvement, compared to say new bathrooms/kitchens.IMHO, if you expect to increase your net through rental and market appreciation, consider the length of time it will take to realize that goal—many years.