Moreover, three-quarters of all audits are correspondence audits in which the IRS sends the taxpayer a letter in the mail asking about one or two issues.

So far, he hasn't encountered any issues with neighbors or the County.

As an investor in syndications and a fund manager, I can see both sides of some of these issues.

And don’t forget about all the normal wear and tear maintenance issues.

Plus, @Chris Seveney mentioned that a lender might take issue with the transfer, which is usually their right (see the bajillion posts on "due on sale" on here).

Hi @Rehaan KhanWe just purchased a primary residence as first time home buyers in Dayton and one thing I would be wary of is foundation issues.

The biggest issue is often understanding rent, it is often underestimated.

Self-managing properties also means you'll want a market that's not too demanding in terms of tenant turnover or maintenance issues.

It has never been an issue deterring tenants with good credit scores.

For example, I've seen where a hobbyist investor/developer works on project, they hire an engineer and/or architect, but they ended up missing something vital, i.e. drainage issues, environmental, fire dept review, planning the wrong type of product for that market (buyer & renter demographic), etc.