As a new investor, I made the common mistake of being too aggressive, starting with seven distressed units all at once.

I have one property in an area going down hill and this is common. 

Quote from @Evan Ross: One of the most common mistakes I see with amateur landlords: attempting to build goodwill with their tenants.

It's just common sense, but not really scalable as a business of its own IMO.   1.)

U only have to be burned once when title comes back 3 days before closing ( which can be very common in abstractor  states ) only to find it title is buggered.. title companies and closing attorneis may have their process's but a good agent just lets them know this is how escrow is going to flow.. they will wine but it cost 200.00 for a title search and we dont want to spend that until we know we have a closing.

So when I hear other investors talking about how adding ADU's adds equity, you're telling me this isn't really a common experience?

Seller is understandably getting really upset, because what the bank is asking for could take weeks and we were already supposed to have closed.Any adviceAloha Leah, this is very common as the other lender stated above.

Water issues are the most common. 

One of the most common mistakes beginners make is jumping into large rehab projects without having a solid team or boots on the ground. 

The loan will be interest only for about 12 months (up to 18-24, but 12 is common) with a balloon due at the end.