Most of the buildings I am looking at have open-air staircases but I hadn't thought about incorporating COVID trends.I always assume that while a seller may not be deliberately deceptive, but is at least leaving the door open for me to discover the real facts.

They have to acknowledge we will not refund the deposit if they change their mind because of location, size, condition, or any other issue that would have been discovered by an in-person inspection.If they change their mind or otherwise fail to rent, the Holding Deposit is forfeited completely.I manage around 400 rentals and people forfeit the deposit about a dozen times every year.

I took huge interest in real estate upon discovering Brandon Turner's book, Rental Property Investing.

When you start to get into $1.6+ million, that's where non-recourse, institutional financing comes into play which sweetens the pot considerably compared to the traditional 20-year, floating rate commercial loan on a $1.5 million property.Another thought: 25 units sounds like a lot, but it's not enough to hire out full time management and maintenance. 

You may also want to contact lending institutions in your area (or the area where you want to purchase your home) for additional financing options."

that would be a bummer to discover after the property purchase...

And now it's years later and they decide to sell and 1031 only to discover that the property is only deeded in her name. 

Last October, we discovered that they had disabled and destroyed the brand new wireless interconnected smoke detectors we had installed in their unit within a multifamily, without, of course, informing us that there was any problem with the smoke detectors. 

I am a newbie investor and I discovered biggerpockets when I read "The Book on Rental Property Investing: How to Create Wealth and Passive Income Through Intelligent Buy and Hold Real Estate Investing" by Brandon Turner.

However, I think it’s still easily profitable with that amount of interest and I’m going into it with the understanding that I will need refinancing to a more institutional loan within 12-24 months.