Issues like contractor delays, supply shortages, or unforeseen repairs can extend your timeline, which adds to your holding costs (mortgage, utilities, etc.).Tip: Factor in extra time for delays and have a backup plan to stay on track.Over-Renovating: Many new investors fall into the trap of over-improving a property, especially when they try to bring in their own taste.

There are a lot of issues with having JADU including finance issues if there is also an ADU, requirement for owner occupancy, that it removes space from the primary structure and usually lowering the value of the property such that it is common practice to remove the JADU when selling the property.  

Common fees will include a set-up fee, a leasing fee for each turnover or a lease renewal fee, marking up maintenance, retaining late fees, and more.

Are there some lease terms that are common for commercial real estate that I should try to get included?

Make sure to factor in 5-10% vacancy, taxes, insurance, mortgage, repairs & maintenance, lawn care, pest control, management fees, utility costs (goes in your name when vacant), turnover costs, and capex reserves. 

I'll refi in 12 months utilizing the built in equity plus what I earn this year to avoid a huge down payment. 

A well-defined mission aligns everyone’s efforts toward a common objective.

I have rent charges set up automatically for the duration of the lease and issue new charges each month for utilities I bill back to the tenants. 

And, as a Condo project everyone is sharing in the water bill by allocation of the HOA fee which should be increased if common area expenses have risen.

We are living in Phuket Thailand currently and this year I utilized the Foreign Earned Income Exclusion to not pay taxes on the first 120k of income.