Yes, unfortunately, the issue you had is a rare one, and one that will happen with any software you use, or any credit card processor you use to collect rent.

There are a couple other rare exceptions too.

My short term rentals are in Arvada and my MTR is in Thornton.. they all make a combined total of about $250k in revenue annually...

It is pretty rare that I have to force someone to leave when they are clearly in the wrong.

I rarely have any tenant defaults these days on commercial side as credit is super strong and I am picky on deals I buy.

The proximity to lake Tahoe and Ski areas combined with tech companies like Tesla in the area there is a stream of people that come to the area.

G'Day guys,Lately, I've been super duper pissed off with our investors that I decided to keep all of the deals for myself 🤷‍♂️I've always preached that there is not a single deal that we sell that I wouldn't be willing to keep for myself.So there's that lolJust picked up a 6 unit which us humble Ohio folk would consider an A class area (Sorry East and West Coasts as our A class is your Z Class lol)$160,000 purchase price$50,000 rehabCurrent rents are $3,000 per monthOptimized rents will be $4,000 per month.BPO before purchase $220,000 - $250,000ARV $350,000ARV with interest rates at 6% potentially $400,000+Cashflow = S#%$ load $$$Granted, it took 4 months to get the contract signed and we had to go to McDonalds 4 times to meet with the seller so sign each page individually single time lolYep, it was one of those.All in all, great deal and they are definitely out there.Working on another one now that will be converted into a duplex and is located in a top notch school district.Somehow picked this one up for $20,000 and needs $45,000 in rehab.ARV is $110,000 conservatively Combined rents will be $1,300pm.Ohhh yeah, almost forgot.Also, picked up a SFH from a wholesaler believe it or not for $20,000 that after inspection needs around $15,000 in rehab.ARV all day long is $80,000.Says WHO there aren't any good deals???

Even finding a distressed property rarely leads to enough cash flow to make it worthwhile, especially in today's high-rate environment.

Rare do I see a 3plex. 

I increased the maintenance and Capex for a combined 20% ($5,832 anually), vacancy 8%.