Under bidding, poor quality, not following timelines - those will all kill your project.

Of course, many investors bend/break this rule, but that's another risk.2) If your bid wins the foreclosure auction, you then have to deal with getting rid of any occupants - who may steal/damage everything they can in retaliation:(3) You MUST have a great crew on the ground that can minimize surprises - not easy to do on your first deal.Regardless if you buy a foreclosure or other property, read our copy & paste advice below:-----------------------------------------------------------------------------------------------Recommend you first figure out the property Class you want to invest in, THEN figure out the corresponding location to invest in.Property Class will typically dictate the Class of tenant you get, which greatly IMPACTS rental income stability and property maintenance/damage by tenants.If you apply Class A assumptions to a Class B or C purchase, your expectations won’t be met and it may be a financial disaster.If you buy/renovate a property in Class D area to Class A standards, what quality of tenant will you get?

The allowed rent amount should be pegged to market rent, so it would only be way off if your unit is a way different quality or neighborhood compared to average. 

I really am a fan of RISD because it is high quality across DFW in general even relative to the big names in Collin county.

Other factors such as the quality of the tenant, and location will also determine the value you can get.

They were offering up to 23% on their notes, and I've heard from a guy named Madoff that it's kinda hard to Pause distributions in the middle of a Ponzi scheme as SEC doesn't approve of irregular theft , sorry, distributions :)Next time you come across a suspect investment or just poor quality or even just one with high fees, please POST to the BP Forum dedicated to this "Syndications and Passive Real Estate Investing

If you don’t have one already, try adding a video or virtual tour to attract more interest.Make sure your photos are high-quality and show the best features of the home.

Best way to find cohosting gigs is to look for properties that should be performing well based on their location and quality of furnishings or amenities but cannot seem to get good reviews.

Tell them that you are serious about running a quality STR and to have them call you at the first sign of problems.That will give them some peace of mind and have a way to get a hold of you instead of calling the cops.

But I also sometimes think owning only 1 property in LA would be less stressful and a more reasonable mortgage payment would improve my quality of life.