Do I keep investigating or skip it?

I’m glad that we haven’t skipped a beat on your other investment.Out of hundreds of transactions we do every year, unfortunately sometimes things get overlooked.As the owner of the company, I take full responsibility for any mistakes made.As soon as the error was noticed, we immediately notified you and have been looking to rectify the issue ever since.I can guarantee you that your investment is on our mind as a priority but unfortunately, it falls under the category of “Problematic Deals” on our whiteboard.Our company isn’t perfect although we always strive to do our best and deliver the best to every investor.Whenever we make a mistake, it’s an honest mistake and in the end we always come good on our word.Although we could salvage the property and renovate it competently, I made the decision that we should look for a replacement deal for you and cover your rent until we find another property that is equivalent to the one you purchased.Just yesterday we discussed a few properties that would not only be comparable but even better then the one we are having issues with now.Stay tuned as we will be emailing you shortly.Also, here are my answer below to some of your comments regarding the “con’s” of working with Ohio CashflowOur property management company is definitely overwhelmed as we have doubled business in 2017 and will probably be tripling in 2018.

***this is very important…don’t skip getting good comps or, better yet, a good CMA***BUILDING PLANS, SPECS, AND QUOTES: For a construction project, they’ll need to understand the deal.

., maybe skip the Porn in office thing, not everybody operates like that, maybe too much time in the Epstein circle has warped perceptions a bit right buddy.

This will skip the step of having to deal with hand written sign ins.

For example, if you raised rent by $25 a month that is not likely to trigger them moving but it does help control the gap that could develop between your rent and market rates.Each year you skip widens the gap and makes it harder to close and more likely to trigger a move. $400 is tough to recover in one change without triggering a move.I have learned the hard way that I really should not skip rent increases every year, even if they are small.

For this reason alone, I would suggest you skip it unless you really don't intend to grow beyond 3-4 doors.

We currently own the rentals under our own names (instead of LLC), and we've heard from enough podcasters to skip LLCs and get a big umbrella insurance.

If you do skip this one - no big deal - continue with the plan to build up reserves and pay off short term debt. 

Skip-tracing your "co-owner" is the first step.