Now that those things have happened to you, when you are walking properties you should go see if those issues are present on future deals.For example, I got burned on a retaining wall issue.

With six weeks left to complete the build, (we've already retained a new contractor to finish), the national bank won't extend the remainder of the note (150k) because the contractor liened the property for the $37k he wanted, no proof it's owed.

But often they are sold off and management is retained as management fees are subsidized during the LITC period.

And many folks living in houses that would exceed the sec 121 limits decide to retain ownership of their home for a period of time and put it into service so they can then sell and take advantage of sec 121 for tax free cash and defer the rest through 1031.

The seller retains title to the property until the buyer has paid off the property.

Its tax free access to your wealth and you retain the asset that should continue to cashflow for you for the live of the asset!

If you receive a favorable appraisal and you can refinance into a new mortgage while still retaining a high enough cash flow to keep you happy then a BRRR is the strategy to lean towards.

At the end of the day, you might give away 20%, 30% or even 60% or more of the deal to other people to bring the things that you don't have yourself, but you will ultimately get the deal done and retain some percentage of the ownership yourself.When done correctly, you don't need to put in a penny of your own money, assuming you Can find investors who are willing to cover the cost in exchange for part ownership in the deal.

Good PM's will find and retain tenants as well as maintaining the homes condition.

The landowner retains ownership of the land and building.And fee development, as a fee paid to the developer for construction - there are no fees rolled into the building lease (but there may be a ground lease).