So we assume for the worst case scenario.

Because pipe was missing and being rushed because we had to get to closing table I missed the fact that we couldn’t check radiators upstairs to make sure leaks had been fixed because there was no pipe forcing steam.. big rookie mistake . 

As a new RE investor you will make mistakes making a mistake with these new laws and this environment can be devastating for new investors.

@Chad Hale I appreciate the Reply.The worst set back when purchasing a investment property is dealing with inherited tenants.

Over the last couple days I've been going through the MLS data for Madison to find out when the best and worst times to list a home are.

I would ADD it to the next lease and chalk it up to a mistake.

Would love to hear any regrets, mistakes, tips, or things you wish you knew after closing to help make me a little less nervous.

I had a handyman install a few things. The guy cut the stucco poorly enough to get a few giggles out of the stucco repairman. I haven’t had any nightmares since I really am avoiding Hackman at all cost but does anyone...

I'm trying to get a hold of the city to see what this means for the future of the property, but here are my best/worst case scenarios: A) Best case - We are able to continue operation as a mobile home park, sell as many MHs to tenants as possible, expand into the adjacent lot, bring in good cash flow and attract a decent buyer when we are looking to sell.B) Worst case - The new zoning does not allow us to expand or build additional pads, the entire investment quickly loses value over time and we are unable to find any buyer willing to take it off our hands.

I like the recommendation about calling for rent signs and mistakingly asking about the property for sale!