Background Checks - https://www.tenantbackgroundsearch.com/Apartment Listing - Websites I utilize: facebook marketplace, zillow, apartments.com, Padsplit (if you're renting by the room)

Meetup.com is a good resource for those but some of the groups will also post here on Bigger Pockets Marketplace too.

Meetup.com is a good resource for those but some of the groups will also post here on Bigger Pockets Marketplace too.

All of this, and more should be assessed as potential red flags.You should budget some vacancy, yes.  

In the event that Borrower is in default then the interest rate will increase to fifteen (15%) percent per annum from the date of the default to the date that the default is cured or the loan is paid off in full, and Borrower will be assessed an additional loan fee of 2% of the principal amount.

The lender is harmed by a changed risk profile when he must now deal with an unknown owner whose interest you have actively concealed. john while agree with the risk assessment for whatever reason almost all loans to homeowners there is no clause that says they must notify the lender .

Also look at property tax rates, how often properties are re-assessed and if there's a cap on property tax increases.

I just closed a $2M condo on Indian Shores and luckily they did it all last year, but it did cost each unit $50-100k in special assessment.

I agree with Adam that there's not enough information here to say who is at fault.If you are spending all your income on maintenance after three years, then I would say you are being cheated by the PM or you bought a real dump.Personally, I would suck it up and find an expensive, but reliable, contractor to visit the property with me and make an assessment of what needs to be done to fix the property and stop the bleeding.

IMO.And this is what happens when you have well-intentioned policymakers (ostensibly) intervening in a marketplace.