But the damage was done—I had already gone through three management companies, three evictions, and a lot of lost rent and legal fees.

Richard and his team look for houses in certain markets where the seller is nearly underwater and would have to pay money out of pocket to sell their home.

Here are a few common mistakes startups make when purchasing an investment property:They calculate expected annual gross income based on 100% occupancy rates.Poor property management results in tenant turnover.High vacancy rates cause lost rent.The local rental sector is experiencing a downturn.High maintenance or repair costs eat into profits.Getting rental rate wrong—either not charging enough or charging too much.Before selling your rental property, it’s crucial to determine the reasons for lost rental income.

My team does this process currently for me and my investors.

Most of that was probably what the tenant should have paid (lost rent).

One "bargain" cost me $30,000 in hidden repairs - don't repeat my mistakes.Build your team early: a realtor, inspector, contractor, accountant, and maybe a property manager.

My STRs are a few counties south of Asheville and lost power for a week.

She did get treatment but we lost touch so I’m hopeful it’s what she needed to stay healthy. we have gone on to do over 450 deals since that one closed March of 2017.

Go listen to The David Greene Podcast, Episode 11, and see how this guy cashed out equity and then nearly lost his shirt. 

Confirm their markups align with the agreementsContractors:  Do they use an internal or external maintenance team, excluding MEP scope?