Pretty much nailed it in my opinion.

They have the process nailed down and are very efficient.

I would also say that there needs to be a cap on the first with regard to rehab draws.

Ned hit the nail on the head though as typically tax lien FC wipe out all other liens.

Quote from @Jay Hinrichs: @Henry Clark"If you were in a new construction syndication and got caught with a 300% increase in Lumber costs due to Trump applying Tariffs to Canada for anti dumping, and then Covid shut down both the logging and Lumber Mill industries in Canada I can understand getting nailed.

Some cities are pro growth others will fight you tooth and nail.

The cap on rent increases at 5% annually provides a much-needed sense of security.

Some specific examples include careless installation of vinyl flooring in our kitchen, resulting in irreparable damage; leaving an exposed nail in remodeled kitchen cabinetry that scratched our new range; installation of bathroom sinks with improper plumbing connections; and multiple instances of failure to remove cigarette butts, food trash, and construction waste from our property.

- With talks of a cap on STR permits, I need to act fast.

Also, set rules for tenants to follow is a must.Needs and Wants:I think you hit the nail on the head.