The tenants may not like the timelines or outcomes of the repairs - part is on back order, they have to pay for the repair due to abuse, the owner chooses to repair instead of replacing.

Here is my short list:Overestimating the After-Repair Value (ARV):Investors sometimes overestimate the future value of a property after renovation.

On that one, we documented maintenance issues and owner did NOT allow us to repair.

PM sent us a laundry list of photos and repairs from damages in the home. $4200. 

Plus, equipment can be a hefty expense and may need repairs over time.Instead of a conventional treadmill, I would consider a walking pad paired with a height-adjustable desk-- its cheaper and can be hidden/discreetly tucked away.

It’s more expensive but absolutely worth it, especially in late night/weekend emergency repair issues.

What you pay will save you probably triple that in repair costs. 

We added a mini split system, new floors throughout, rebuilt the deck, added windows, repaired waste lines, roof, siding, stucco, cleaned up the basement and remodeled the kitchen and bathrooms.

How did the properties you purchased turn out, and were there any unexpected issues like liens or repairs?

Hire a contractor to repair.