When multiple liens have been issued on a property, we now see multiple lienholders for the same property.

If you are not local it can draw other issues but open to having a conversation if you need references or advice. 

Most insurance companies wont even issue the policy if the current condition is distressed.

As I said, I think there is a lot of work to do to get this estimate on track but those are some of the obvious issues. 

Did you have any issues with your HML there in OK?

When you scale to 5+ properties, issues and the cadence of messaging will increase 5x.

If you are okay with your return numbers then there is no issue with this property profile and location.

@Jeremy Torres, if you make decisions based on how you "feel" things with go you're bound to have issues.

Not having boots on the ground can be a huge issue as well. 

Have the landlord handle those pesky maintenance issues, roofing repairs, deluge of water coming from the washing machine on the 3rd floor that just exploded through to the kitchen below (yes, this just happened to me in my home.