I now know what is actually a “red flag problem” and what can wait months, years, or indefinitely to repair.

Without a deep understanding of these elements, can you underwrite a deal via an algorithm ?

It wouldn’t work in a red hot market like we had a few years ago where everything was selling super fast, but in todays market there isn’t as much urgency to see properties and get offers in immediately.  

I have never pulled a permit for a water heater swap, know no one that has ever pulled a permit for a water heater swap, ever seen or heard about one getting red tagged for no permit, and have never had a plumber recommend getting a permit.

Isolated State College Towns or Resort towns tend to be more liberal in a Red State. 

Even with that, I had vacancy for 3 months, turnover expenses (rekeying, deep cleaning, etc), paying the one month lease to find a new tenant and also the new tenants are in at a lower rental rate then the prior tenants. (1500 to 1350)My Little Rock tenant has been paying but already slightly behind.

This is typically done 3x a year.Hire a company to deep clean the washing machine, drier, and dishwasher.Reimburse us for the combined 8 hours we have now spent on cleaning the home.Repaint the walls, at minimum in the basement.Prorate our rent for the days we are unable to be in the home due to the current issues and any repair time.Please let us know how you would like to proceed.Thank you,Sindy and Cary"You need a professional property manager!

I went deep on SBA 504 loans when we were buying a bed & breakfast property last Jul / Aug. 

I didn't realize how deep this went!

These workshops are 3-hour deep dives into a specific topic with no more than 100 attendees in each workshop.The full agenda will likely be released in March at biggerpockets.com/conference and you can take a look at all content offerings then!