I recommend requesting a review or a new appraisal that compares your property to similar multifamily properties in the area to ensure a more accurate valuation.

A landlord is responsible for ensuring there are no places that are letting the rodents in and for correcting any places they are getting in.

And when it comes to your due diligence, how do you ensure you’re accounting for unpredictable rehab costs or market shifts?

And, well managed institutional 1031 Exchange Qualified Intermediaries will have already evaluated the applicable risks, addressed the critical issues and implemented appropriate safeguards to protect your 1031 Exchange funds to ensure the successful completion of your 1031 Exchange transaction.

Ensure discharge flows away from the foundation.● Replace missing elbow and extension on the downspout on the southwest corner of the house.● The soil around the foundation should be watered with 1-2 inches of water per week during hot and dry weather patterns.

However, it is crucial to analyze potential properties to ensure they cash flow.

It's supposed to ensure there are no surprises after closing.

It also means doing your due diligence to ensure the property you pick up actually makes financial sense, not just in year one but down the line.

I know it may sound as a BIAS from my side but I think this should NOT be legal to put covenant, see my logic here a builder build a whole community and one part of it is rentals the rest is single family, they put covenants and restrict the market to rent by room just to ensure they can rent their rentals that is a sort of monopolistic behavior and should not be legal.

Proper documentation and consistent reporting are crucial to ensure compliance with IRS requirements.