I would explain this CLEARLY to them so that they understand you are not responsible to guaranteeing them a perfect experience.

If not cured, it’s my understanding they are then in default.

Understand Proposition 13 for property tax benefits, local transfer taxes, and strict tenant and rent control laws.

Dalton, I completely understand how frustrating a low appraisal can be, especially when your CMA supports a higher ARV.

I just don't understand what happened here.Your PM could do a better job by requiring the tenant to take pictures or video so they understand the issue and can share that information with the plumber.

It boils down to education and understanding more than anything.

I've seen investors allocate 5-10% for capital expenditures (capex) and vacancy, but you won't have a clear understanding until you've owned the property for a few years and established a track record.

I know the easy answer to this is "check with your CPA" but I'm still in the process of working to establish with a real estate specific CPA who better understands the nuances of these topics.

A major challenge for me (and, I understand, for many new investors) is estimating the price of renos needed, which of course makes it difficult to know what's a reasonable price to offer!

I asked the onboarding guide a question that she did not understand, but then later that evening we figured out an answer to it on our own.