The owner, a family member of one of our buyers, inherited the property through probate, but they weren’t equipped to handle the renovation.The house had been left in disrepair for quite some time, with the previous owner struggling with mental health issues.

But to sum up your truly relevant point, all you are really saying is that there is high default risk when you deal with people who have poor credit history or some other financial issues.

Based on a quick answer from Perplexity it seems like there would be no issue with you buying the home and collecting passive income, but you may not be allowed to manage it yourself since that is considered active work.

If you are new to the business the most common issue is you're either locking up deals too high or you aren't finding attractive deals.

But you have to ask proactively, and be mindful of how long you stay in forbearance to avoid long-term credit issues.🔹 Insurance Challenges – Even when insurance pays, it rarely covers the actual cost to completely rebuild.

This is a very common issue in parts of Milwaukee and I have done lots of basement reinforcing on our rentals.

For example, to get up-to-date property tax data you would need to scrape every county's tax data website (thousands of different websites, data formats, issues, etc...) then aggregate and clean the data.

That is the issue I am having now as my wife and I have great paying jobs and just cleared all our debt.

We are good friends but that's also not an issue for them because they are a dual veteran couple.

@Ryan BroschardHi Ryan,You have hit a common issue many new investors fail to anticipate.