We are just talking about dollars but they also suck way more time in management.Infrastructure- Apart from the utility infrastructure I want you to think of amenities like improved roads, pools, clubhouses etc Delinquent Tenants and Poor Management- It is not unusual to purchase communities where the owners have not been completely forthright with their rent collection.

Check to see if your jurisdiction is SB9 friendly and check the zoning on the current parcels  ADUs can be rented long term regardless of owner occupancy on the property.  

I feel uncomfortable asking to walk the property with a contractor because I don't have an established relationship with a contractor, am not confident the deal will pencil without the rehab estimate, and would need the owner to approve the walkthrough even though some units are occupied. 3.

@David Yandel at least 95% of agents only know how to buy-sell owner-occupied properties - which are sold on emotion.Investment properties should be bought & sold by the numbers, which most agents don't take the time to learn and actually ASSIST their clients.

Tools like AirDNA are also not giving would be STR owners the true picture. 

She had moved in before we bought the condo, and the equipment change was required for the cable TV and internet service to continue as the prior owner would of course cancel their account after closing. 

Can usually allot 5-10% vacancy factor and same for maintenance.Class B usually also okay, but needs more attention from owner and/or PMC.

LIke how to get rich in foreclosures right now would be pretty tough to do since they are non existent.. or in a uber hot market like now.. owner financing or the super duper lease option niche these all work in heavy distressed economy cycles but pretty tough today.  

But just a hello to another new MB owner!

In addition to our own holdings we manage many SFR’s and Multi’s for investor/owners.