Get your dryer's exaust cleaned before you open up the unit for rent and periodically therafter.

That also goes towards the idea that you don't want a pre-payment penalty after a certain time period if you decide to refinance your deal to get a better rate down the line.You definitely want to compare the deal your seller if offering to what else is out on the market.  

It's pretty one sided.During their "inspection period" they will list everything wrong with the property, "real or imagined" and try to get you to reduce your price.

The market has been flat for an extended period of time (10+ years).There are attractive pockets which are generally the higher priced areas like Munich etc.Hope this helps

What is your plan for capital calls (additional investment requests) during the hold period?

Our goal is to meet a targeted return of 15%-20% AAR within 5-years, doubling our capital within the investment period, to propel us into a bigger deal.

Also, if tenant were to be late (use grace period) he would not be able to pay since payment series no longer exists.

They don't.Here are some facts; most lawsuits get settled and don't go to trial.

Free trial for 3 days. 

The market is currently experiencing a period of adjustment, with a slight increase in apartment vacancy rates to 7.3% in Q4 2023.