Aside from expenses mentioned above at closing, multi-unit properties can have a large number of ongoing monthly costs that you would not ordinarily think about.Utilities.

@Jonathan BeemerCommand your troops well sir.

For instance, if the owner pays personal bills from the business checking account or ignores the legal formalities that a corporation or LLC must follow (for example, by making important corporate or LLC decisions without recording them in minutes of a meeting), a court could decide that the owner isn't entitled to the limited liability that the corporate business structure would ordinarily provide.The company's actions were wrongful or fraudulent.

Some of the assemblymen like Bloom from Santa monica want to put on hold so they can 'rally the troops' and really push strict and strong rent controls. 

It needed a lot of deferred maintenance, thus the price was a little lower than it would have been ordinarily.  

One thing I always wanted to put together for our troops was a financial plan/goals course that is a little bit more in-depth than the boot/basic "this is what TSP is... now sign here and here".  

Those veterans that, unfortunately, fall into the trap of thinking it's normal for 30%+ of one's income to go towards car payments while on active duty (where this is perfectly normal), generally cannot qualify for mortgages until they realize that this is only normal in the military where you don't have to pay for housing, food, etc.I could do an entire rant on how/why the military is doing a disservice to the troops by allowing this irresponsible car behavior to be normalized among 18-21 year olds (& in far too many cases their junior to mid-level NCO leadership), but that wouldn't be helpful to OP.

I wouldn’t ordinarily do this but She’s pretty destitute so I had the ( stupid) idea I’d give her my Christmas ham that I receive from my w2 job each year since I only like spiral honey Hams. when I went to my triplex  to my dismay I saw where she had slithered  into the basement and confiscated all three  snow shovels and was keeping them to herself in her unit but when questioned she was a adamit they were all hers that she bought -all three lol I just shook my head ,laughed to myself how I got robbed by a little old lady ,and remembered why I don’t give out gifts !! 

@Dan Sheeks I taught the personal management merit badge at my old boy scout troop for a few years.

How the IRS defines a principal residence: “If a taxpayer alternates between two properties, using each as a residence for successive periods of time, the property that the taxpayer uses a majority of the time during the year ordinarily will be considered the taxpayer’s principal residence.”