After seeing how much longer it was going to take I did my due diligence and gladly found the historical reference of the home which helped us add 16% more value Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?

Was your research/due diligence process any different because of the age? 

This is not a business you just go in and know how to manage a property manager, besides, a PM for a property the size you can buy in CA will probably charge you more than the property nets.Search online for syndicators who professionally manage multifamily properties, but do your due diligence on them to be sure anyone you invest with is experienced, structures their deals fairly and and has references you can check. 

It's important to do our due diligence and make an informed decision.

Find a good mortgage broker and ask them to help you understand your different loan options, and the advantages/disadvantages of each (a good mortgage broker will be happy to help you with that, and can also help you understand why you qualify for certain amounts, and what you'd need to do to qualify for different amounts).House hack a property every year until you hit your limit of conventional mortgages (usually 10), and you can build up a pretty excellent portfolio of RE in ten years--especially if you do thorough analyses, thorough due diligence, and buy the right properties in the right areas!

We found bed bugs during the due diligence process and had seller fumigate.

Take ownership of your mistake and learn to do the proper due diligence recommended above😊Please send us any feedback via email, as we do not use the DM feature here.

Don't be surprised if your due diligences actually find/produce an asset that is within your buy box and is cash flow positive - especially in the STR space. 

With a HH, you can learn how to analyze properties & markets, how to find an investor-friendly agent, how to spot value-add opportunities at properties, how to engage in a strong due diligence process, how to screen tenants, how to manage the property, how to build a network of contractors, plumbers, electricians and other pros, how to manage the book keeping of the property, etc., etc., etc.

One quick example is that the due diligence process period is very involved, and sometimes has various consultants that the buyer engages to help analyze the deal.