Luckily for us the issue was not huge, but we missed the inspection window before we found that out. 203(K)’s have higher rates than standard loans, so consider the timing of your refinance (especially in todays environment).

*This question is for any property manager or people with prior property management experience*What would you say are the biggest issues that reoccur when dealing with tenants, vendors, etc?

I am wondering if anyone has dealt with similar issue before?

Heavy rehabs or rehabs that are bigger than the purchase cost range from not allowed to case by case to no issues, so all over the board on that issue.

Interestingly the first one is having issues, tenant calling in 6 times in 7 months for repairs after minor repairs were done after a full inspection (before tenant moved in). 

Does everyone think this is true, are all buildings going to have issues with them, and I am not referring to cosmetic ones?

Any leaks or mold issues? 

@Logan Guerrero one of the challenges with maintenance is owners not having funds.So, we've learned to prioritize maintenance issues:1) Health & safety issues2) City & S8 inspection issues3) Property preservation4) Direct marketing issues (purple walls)5) Miscellaneous

If such a great tenant whats the issues right :) 

Will there be an issue if I change it to LTR or MTR after a year?