I realize this was a completely stupid mistake on my end.

Worst case scenario you come up with a 3rd Option that lands you a home run deal.

I have friends who do this, and I have great respect for it.Still, I know that finding the best deals, and avoiding the worst deals, are more likely if you invest locally and have deep local knowledge.

Originally posted by @Stefan Christensen:@Steven MarttinenI changed a couple of things slightly but this is close to what I was calculating… I added a photo of the calculations that were provided when I asked about it. https://www.biggerpockets.com/analysis/rentals/f267fa32-a526-47b4-ba68-8316a72d2039 It looks like there may be a mistake in your analysis.

That was a really big mistake. 

If your forcing the rehab while burnt out you are sure to start making mistakes and just not enjoying investing in general.

I would say the 5,4,3,2,1 is most common on long term loans (10-30 year terms) but by far the worst structure would be yield maintenance rather than a step down.

In the beginning of our career we made the mistake of firing a contractor and the next thing we know there's a mechanic lien on the property.

That's a worst case scenario, but basically the condo board was trying to levy hundreds of thousands of dollars PER resident to fix the structural damage prior to the collapse.

, but if a kid is coming out of punishment in his room, it might be the best time for a cuddle on the couch and a calm talk about mistakes, goodness, forgiveness, and love.