The industry is mature and margins have properly compressed.

Still up to me to properly utilize it and get the deals contracted.

@Albert Gallucci as many have pointed out, in the commercial space of 100+ apartment buildings and offices, property classes have some pretty decent industry standards.We started applying these to 1-4 unit properties around 10 years ago, which you can verify on our blogs, because we saw too many newbie investors not properly taking into account things like, neighborhood status, tenant pool, property condition, etc.Unfortunately, there's no industry standard for this, but you can use some basic logic to think your way through your own Classifications.

Market timing, properly acquired property, personal capital available How did you find this deal and how did you negotiate it?

Take ownership of your mistake and learn to do the proper due diligence recommended above😊

Trying to balance proper due diligence against my desire to just acquire a bunch of mediocre units!  

Knowing what you are capable of and/or having proper resources can lead to great deals in any market.   

And are insured properly.

One of the biggest challenges for everyone involved is being on the same page about the actual time required for maintenance.DIY landlords rarely properly track their time when it comes to property management in general - tracking their true time invested in maintenance is where they perform the worst.Investors that hire PMCs are rarely any better at understanding the true amount of time maintenance takes.

If the proper reports and documentation are not completed, you run the risk of failing an IRS audit and the cost segregation not being honored.