You've done extra work and lost money because of it.

I initially looked at properties that I could afford with the understanding that extra money would be needed to bring it up to speed, basically following the BRRRR blueprint.

Cushion for payments and extra time will have to be part of the budget.

However, I was recommended by my lender that trying to close on multiple loans at the same time is a fiasco for both the seller/buyer and ultimately blame and extra work falls on the lender(s). 

This follows the agreement but gives me that extra push . 

Crime was way more than it was shown in city database as most of the things were never reported.Actual rent collection was only $4200 by 18 tenantsPark had very bad repo in area (Which was known to us)What we did after buying:Worked on road (new milling road), removed extra trees, cleaned 40-50 dumpster of trash.Worked with city development agencies to remove bad tenants via evictions or stationed police officers on weekend to deteriorate drug traffic, incentivized good tenants to provide us video /call cops with videos so that cops visits are frequent.Removed bad homes and brought in 7-8 newer homes from other parks.Repaired around 19 houses in last 18 months and brought up average rent $680 per home.

Cash flow pays the bills and has given me some extra money.

.), and save some extra money.

The reality is the opposite - if it's not in writing then the PMC doesn't have to provide the service or can charge extra for it!

In other words, go middle of the road with most things.Where I'm thinking of spending a little extra is on low-end granite countertops and a fridge with an ice maker.