The common ground that needs to be present is you need to 100% trust in your partners honesty, integrity, and work ethic.

Is it common knowledge as best business practice or actual business law?  

A common misconception is that one needs to recoup 100% of their cash invested in order to BRRRR - that isn't true.

@Bruce Lynn is pretty close, and maybe right on the money with some areas/operators. 20-30% is pretty common.

Let's look at the law.Telephone Consumer Protection Act Of 1991 (or commonly referred to as the TCPA)While mass texting is by no means illegal, it is heavily restricted.

On your end, how hard you going to fight through errors and issues?

Any other information about what you see from tenants commonly would be helpful.Thanks

The other much more common occurrence is that the addition was done without permits (this is an actual physical condition issue).If the permit was pulled but not documented then it is usually resolved by following up with the permitting authority, and then providing the documentation to the County Assessor etc so they can add it to the tax bill.

Collecting rent in full and on time is the biggest, most common challenge, but there are so many more!

Hitting a "cash ceiling" is a common occurrence for property investors looking to scale and there are a few different ways to power through it.