And then do it again.It is actually possible to have a super experienced General Contractor, a very deep pockets money partner, and still lose money on a flip.The most common reason, in my experience, is having a project run over schedule and placing the property on the market during the off-season.

These have two very different next steps.If it is a condo, you need to check your condo docs and see where the unit ends and what is common area. if its a leak in a pipe in a wall that is typically common owner and the condo association should take care of it.

Unfortunately this is very common with tenants.

I have spoken to my neighbours but they do not know who the HOA board members are ( it is a large complex with 100 + townhouses).It is very strange but it has not proved to be a problem in the past as the management company deal with the properties externally ( eg painting ) and the common parts and have always done so competently and individual oners deal with the inside of the properties.They are now proceeding with the painting without doing anything about the termites.

This can be cap ex to the building's common elements or cosmetic like a new lobby that you as a landlord may not view as a worthwhile investment but the owner occupants may.

If you ever read the side of a Heinz Ketchup bottle, it reads "Do a common thing, uncommonly well".

That's one of the most common fallacies in real estate investing.

It's not common that loans in good standing are called due, but it does happen, regardless of what people tell you.

Outside of something within a few hours of you midwest is very common - Kansas, Missouri, Ohio.

Now its pretty common and most printing companies that do investor mailers have this as an option.