I have talked with more than a thousand investors about numerous platforms, and there have been some stories about deals on RM that have gone bad.

Hey Brian,Thanks so much for detailed explanation!

I bet a lot of Chicago landlords would love a bit of control and certainty over their property tax increases...which rent control generally provides.There is certainly no shortage of rich landlords in NY, SF or any of the numerous cities with rent control.

@Jay Hinrichs one main reason is the second you sign and notarize that document It does not have to be recorded to be legal and in force. so in essence you have already taken the property back on the day you closed it.Nice explanation of the technicality of why deeds in lieu don't work.

I learned that quickly.Make the best decision for yourself, you don't owe anyone an explanation.

Since then I've been educating myself through numerous books and podcasts.

At least it's a start when it comes to the numerous liability issues.We offer concierge services (private chef, on-site yoga, on-site massage, etc). and while it doesn't make us a lot of money, our markup is slim to none, it does seem to make our guests really excited and benefit us when it comes to reviews. 

In an effort to address the housing crisis the Washington State Legislature has numerous bills to consider, most all of which limit a landlord’s ability to conduct business and preserve their financial investment. 

Often times there is a lot of explanation to the loan underwriter on these scenarios.

@Ben Leybovich Great explanation and insight into some of your strategy on underwriting this deal!