On the policy level, make sure you have all water coverages and $500k in liability.

While the long-term effects of the pandemic on the retail industry are uncertain, it’s critical that investors closely monitor tenant mixes and uses to develop a better understanding of potential future vulnerabilities.TIP: If you are evaluating an investment and are concerned about the financial stability or viability of the tenants, underwriting a higher vacancy level or reserving more capital is recommended.

Could be those past bills were estimates and you now have an actual reading that “catches up” on past bills that were too low.Another thing is tenants running extension cords from hallway receptacles to run space heaters inside their units.If you have radiators, you want to keep heat on so that they do not have any potential for freezing up, but you don’t have to keep the temperature higher than say 60F.

I am seeing lots of really decent investments, but having the capital through 1031's is taking time and the personal capital contributions are limited.What do I need:More time.More capital.A mastermind of folks operating at this level. 

The relative supply has officially leveled out in recent months, but the actual supply hasn't: last month there were less than 500,000 active listings on the MLS -- down from 1.3 million just three years ago.4.

If it turns out you are grandfathered in, and the grandfathering occurs at the deed level and not the owner level, your house might be worth more than it is worth right now since you own a home that can be used as an STR without the regulations.Mike

Plenty of agents do that are high level networkers.

Not sure what metrics you have used in penciling down this market but make sure you look at population growth trends, income levels, poverty levels, Job diversity, schools etc.

My advice would be to level set your expectations of a property first and what your highest priority is and then work towards finding a property that meets those expectations and gets as close to the 1% rule as possible.  

Lot #1 is a .75 acre lake front lot with a 4 bed 2 bath split level built in 1974 with an attached garage and 100ft of sandy shoreline.Lot #2 is a . 75 acre lake front lot with a 2 bed 1 bath house built in the 70s, a 30x30 detached heated garage all on 80ft of shoreline.