Don't agree one bit with that statement and Im getting a feeling that most people in this thread are inflating the struggles I've been facing.

If you forget, you face massive fines.In a small partnership, you might be redoing this paperwork quite frequently. 

There's a good chance the issue(s) you face has already been discussed and answered.Ask questions in the appropriate forum.

What were some things that you faced getting your first commercial loan?

Faced with mounting expenses, extended timelines, and diminishing returns, we ultimately decided to sell the property instead of continuing with the BRRRR strategy.The Insurance Mistake:The biggest lesson I learned was that I had the wrong type of insurance.

During the renovation, I faced several challenges due to the home’s age and hidden damages, including ruptured plumbing, termite infestation, rotted wood, and lack of insulation.

Hey @Dan ErmolovichSorry to hear you’re facing this challenge...evictions are one of the tougher aspects of real estate investing, and being out of state adds to the difficulty.

I bought Class C in Indy in 2023 (move in ready) and am losing money each money on what was supposed to cash flow on paper just barely $176 if no repairs were called in. 

It didn't go over your head, it's right in front of your face. 

Companies are having to set aside a certain percentage to cover the Cap Rate insurance and as an abundance of caution with these interest rates- class B are paused.