Having a local registered agent is fairly common.

We ran a report on the most commonly requested amenities for our cabins in the Smokies.  

It's pretty common to do this if you are buying something at auction or with a seller who is not allowing any windows for financing of any sort. 

While this isn't common, I have know people that bought their first rental and when tenant moved out, had caused close to $20k in damages and skipped town after one year of living in place.  

Lower loan amounts are common here in the Midwest…~$50k loans aren’t unheard of, just depends on the whole scenario on whether or not it makes sense to do

This type of requirement and excavation work might be more common in other areas than it is mine.

Because of common marketing strategies by the industry, their expectation is that a lender will provide a loan at 70%-80% of the value of the asset after its been repaired, upfront.

Common grounds for obtaining a prejudgment writ of attachment are that a defendant has committed fraud or that a defendant is prepared to hide assets from a court.”So at this point I’m pretty scared that my entire investment is in Jeopardy.

Are there any common pitfalls I should avoid during this process?

Hi Thomas, That is a common path that many investors take by utilizing a credit line or second mortgage to access capital to support down payment / closing requirements for the new purchase.