Call me crazy, but in my mind, I may have spent a fair amount of money on elements that were totally unexpected right after acquisition, but with all of the hands on education and lessons that I just got, I am very ROI positive for the future and am blessed that I learned them on a small property like mine.If there is anything takeaway from my story, it is to always have reserves at the ready when buying a property, especially a multifamily because you never know when unexpected expenses will come up, and you don’t want to be left naked when the tide goes out!

Landlords must be able to substantiate certain elements of expenses to deduct them.

In reviewing the legal docks leading up to the foreclosure, there were numerous attempts by the association attorney to contact HUD without success nor did HUD engage in legal avenues of their own.

In the lawyer's absence, her team was unable to provide a settlement/closing fee quote or the additional costs after numerous phone calls.

I have found numerous other houses both for sale and recently sold in the town/immediate neighborhood that have basement bathrooms, so I'm not too concerned about being able to adhere to permit codes.

My first step is definitely to dive into the numerous resources here on BiggerPockets.

I've been implementing the Profit First methodology after it was recommended to me by numerous successful real estate investors and speaking directly with the author, Mike Michalowicz.

Whether you see it or not, you're in competition with numerous other units.

Trust is an essential element between an owner and a pm.

@Dave Foster That is such a unique way to distribute the funds from a 1031 and mitigates your risk across numerous market cycles.