Might prevent him from buying another home for several years.

With a number of those rehabbed units now complete, our income and our occupancy is now increasing (and continued to be strong in July and August), even during a pandemic that prevents people from coming out to get tours.

I believe it tends to give me a slightly lower return, because the sponsor is going to be more careful, and if there is a severe downturn will prevent me from taking catastrophic losses.

It's too late after closing for me to help them, but if they had reached out before I could have easily prevented that situation for them.

@Pat Aboukhaled I would ULS (unit lot segment) the primary house and include a clause in the call option that would prevent them acquiring the DADU.

Inspections would have prevented this debacle.

Keeping everyone aligned—lenders, inspectors, attorneys—prevents bottlenecks that could derail the timeline.Lastly, tackling big tasks early (like ordering inspections or raising equity) is a game-changer.

If you hire a PM, your financial account structure can be simpler.If you plan to continue purchasing rentals, I like some key accounts at the "management" level (income, opex, tax, owncp, reserve) and only have 1 checking account per property to prevent having 100 accounts and unnecessary complexity.

But then we have to get into talking about the passive loss rules, which may prevent you from actually being able to claim a tax loss if the deduction is more than your rental or other passive income.Or you can claim the actual expenses (gas, insurance, etc) for the vehicle and regular depreciation, proportioned by the percent of business use of the vehicle.  

In our student houses we use a programmable thermostat, but our building monitoring system has its own sensors and can override the wall thermostat and will not allow the temperature to get below 10C (50F) ... we are presently testing a new software load that will also prevent them from cooling the house too far in the summer.