Investment Info:

Single-family residence wholesale investment.

Purchase price: $295,000

This was a realtor's pocket listing. We initiated the contact and then passed off the property to a flipper friend....

Odds are I'll keep it a few years, and if it fails to improve I'll sell and redeploy the funds.Anyway, good luck on your deal!  

When rent is due, if they fail to include utility charges in their payment, then rent is not paid in full, and are subject to all the bad things resulting from unpaid rent.

If a deal doesng go through due to a failed phase 1 environmental study and your LP already spent thousands of dollars on the environmental study.

@John Lenhart, I thought about an equity position, but I don't want to be part of a failing business nor do I want to buy them more time.  

Inspectors aren't perfect, they miss things and sellers aren't always forthright whether it be to Roofstock or a regular agent, but after purchasing one property outside of Roofstock and attempting to purchase a second and paying for quite a few failed inspections, we realized that there is a lot of value in Roofstock. 

I had the same situation, but my fridge was pretty much failing.

Tried Online, but ID verification did not go through.Trying to make appointment in near IRS locations but next available was 1 week later.We expect our closing in a few days, but only the transcript is missing... ( And the lender failed to notify us that until yesterday...)

I really enjoyed your two articles, Colossal Fail and Multifamily Myths. 

If they did a lead test 70% of the multis in my area would fail.