Or was the property purchased as tenants in common between you and the LLC?

Common questions I have been asked or had investors ask PMs while touring properties with them:What do you see is the biggest hurdle to your operations today?

@Andrew Jessup It's extremely common for the family trust to initially own the real property and then to transfer ownership into an LLC for additional liability protection, with the LLC owned by the family trust. 

I assume(d) they think they are good negotiators, or is your thinking common in the industry that negotiating is null and void, what matters is only the money.

Probably not the most common opinion around here, certainly not the sexiest. 

However it is not typical or common. 

I'm particularly interested in understanding:- Key renovation aspects that meet Section 8 standards- Common pitfalls to avoid in the process- Any specific features or improvements that are highly recommended to facilitate a smooth inspection and tenant satisfactionAny advice or a checklist you wish you had when you started would be super helpful.Thanks a lot! 

This is a common issue, but having stricter cost control measures or a contingency buffer in place could help on future projects.

That is fairly common in small town mid-state areas where COVID shot up prices and then fell flat when rates skyrocketed over the last 12-18 months.Mid-Term rentals are always +/- depending on time of year and how the property is marketed.

I would disagree with number 2 - in this environment, heavy rate buydowns are a common tool in the toolkit for lenders and borrowers to make deals work and are in no way indicative of "not being well-capitalized"