There are loans that have been in loan modification, or bankruptcy, or probate or divorce or in litigation, or falsely conveyed.

Also for everyone who says the internet will pick up the slack, who didn't waste a bunch of time tracking down false leads (houses that sold months ago) on Zillow when it first came out.Living overseas I will continue to rely on buyer's agent to represent me but I'm curious to see how this goes.

They will then most likely retaliate:(-Also, many towing companies will NOT tow a vehicle without someone there representing the property owner (they don't want to get sued for falsely towing someone's vehicle).

To me, this is more about false expectations than it is any Airbnb failing.I still scratch my head when I hear people talk about Airbnb failing them simply because they didn't instantly start clearing $1,000/mo.  

Someone will point out that the 2-4 unit have a better track record of appreciation these past few years, but as mentioned I suspect that's largely being driven by the residential DSCR loans, the same way that being able to get a $200k student loan for an associates degree in basket weaving will drive up the cost of basket weaving education to $200k (and if the loans for the $200k basket weaving degrees went away, the price of a basket weaving degree would instantly drop, true or false?).

I guess if the IRS wants to ask bizarre questions about the account number (seems absurd) you just say, “whoops, look at that, I’m new to this, I’m so sorry, I’ll make sure I correct that ASAP.” 

It's absurd that agents think they should grab 5-6% of every deal, just as absurd when they compare themselves to doctors and lawyers. 

I don't, because all that does is give you a false sense of security. 

Code Chapter 47 - Fraud And False Statements, which is a very boring read, unless it applies to you.Please don’t do that.Make sure your Proof of Funds source has the funds and that you are authorized to use those funds and the source will vouch for you in court.If you are going to buy “Turnkey” it is recommended you visit the actual neighborhood and actual house before closing.Things can be very different in person.Afterwards is too late.You may not like what you seeGo with the Math, not the emotions or hopes of the futureIf you are losing money with the hopes of making it up later, you should seriously reconsider.Wishful thinking is a poor investment.Interest rates are going upAnd interest rates are going down.And interest rates are remaining the same.There is no clear direction for rates and there are arguments for going each direction – buy so that your property cash flows, even if you are wrong.Ignoring your workers.Always serve your workers pizza on the job.It keeps them on-site so they don’t wander offThey will think you actually care and will work harderYou get to become “one of the boys” and they will tell you things you need to knowHmmm, out of space, but not out of mistakes. 

The most common consistent false narrative in private lending is clients think they can qualify for 100% financing.