And lastly, market risks and mismanaged funds can also create major headaches, especially for those involved in lending groups.

Look up the default risk by credit score, this information is readily available online. 

Especially paying MN taxes on NV tax free properties.

Just wanted to introduce myself and enjoying the Bigger Pockets site and forums.

Hey Account Closed - I highly suggest  using a renovation loan and house hacking a multi-family if that is possible with your current life circumstances.The 203k and homestyle renovation loans are just amazing products and drastically help you reduce your risk, in my opinion, because you are able to leverage the cost of the entire renovation with such a low down payment loan.We work with a lot of clients who use these products in Chicago, and no matter what, in the long term, they gain great equity.If you aren't able to house hack - the process is essentially the same, but just with more money down with hard money or conventional construction loan.

If possible, in the future I would try to obtain a copy of a standard Condo questionnaire from the HOA prior to the mortgage application process and ask your lender to review it in advance in order to mitigate some of the time and costs risks associated.

You get so much wealth and start getting older you enjoy the business but focus on quality of life more and memories. 

It was a big risk and I nearly missed.  

If you are interested but not sure where to begin, happy to send you a free ebook.

California landlords can now enjoy streamlined maintenance and cost savings thanks to AB 2622.Signed into law in September 2024, AB 2622 raises the threshold for unlicensed contracting work from $500 to $1,000.