I racked up debt, at times putting expenses like property taxes on a line of credit.

The interior will need to be repaired and repainted.I've done several 1900 - 1920's and while they usually have good bones, the electrical can be underpowered for today's needs, and the water lines can be corroded galvanized or even lead.

Something simple along the lines of, no pets due to small shells and turf located at property that may hurt pets, would dissuade even service animal owners.  

An independent sewer line alone can be as much as $10K.

If your working with this company and this company only and think that they are going to get you to the finish line to get the title in your name, well I’d say you’d have a better chance at winning the lotto.What some don’t know is they are not a one stop shop, the more you get dragged along the more money PreReo makes, again they are basically a wholesaler, the longer it takes you to obtain it the longer you pay them.

Also, rats eat knob & tube casing, so be carefull and have the lines inspected.

Banks can shut down an equity line at a whim, so there is a strong risk there.

any pro forma that shows you 'cash flow' on day 1 or in month 1 or even year 1 is a joke.here's the bottom line. 

These things affect the property’s condition and your relationships with other tenants, which could lead to bigger issues down the line.

Your team can provide valuable insight and help you avoid costly mistakes down the line.5.