Quote from @Herrison Sitorus: Hi all,Recently got involved managing a rent stabilized property.

I would add:Over-leverage: seeing people get owner finance and someone to toss them a total of 100% financing plus the costs of renovation sometimes crushes them even if they come in on budget and have the right ARV as they miscalculate the time it takes to sell as well as forget about all the other costs involved in a real estate transaction.

This was an off market deal that was completed without realtor involvement.

3) Lastly what would happen if I applied for a construction loan application that pertained to Real Estate?

I am interested in the topic when applied to smart contracts.

If you require financing, you will have to apply for a DSCR loan. 

I understand home designs are pretty expensive, and cannot just be applied to any lot/existing neighborhood.

Even if the tenant can’t pay, it sets the expectation and documents the issue.Small Claims Court: If the tenant refuses to pay, you could take them to small claims court, where you can seek repayment without needing a lawyer.Security Deposit: If the tenant has a deposit, apply it toward the damages.Consider Eviction: Given the arrears and damage, eviction might be a last resort to prevent future losses.Talk with your property manager to create a plan that minimizes further risk.

@Jonathan GreeneThe short answer is it will depend on a few things like the tools and listing platforms that you're usingMy current workflow involves many tools (including Monday.com, Baselane, and Furnished plus other listing platforms).

It's like a ponzi scheme but you're involving an adult that literally has no cash or asset to his or her name.