It seems like some of these would be buffered by using a credible loan servicer.

It's hard work and takes knowledge vetting flippers and their contractors, understanding rehab costs and time lines, knowing ARVs, and keeping capital deployed full time from flip to flip (which is necessary or your annual returns decline to levels that could be achieved with a less risky strategy). 

Hi,I'm looking to buy a 3 unit property in NYC and to do a full gut, also there's a potential for another 1000sq to be added to the property and that's why i'm interested in this deal.

Make a surprise visit between guests to see how it really looks after the cleaning.Yes, At the end of the day Airbnb is a hospitability service, so we just have to accept what the guest says.We also know that the whole feedback thing like @Nathan Gesner mentioned is almost bogus. 

@Evan Polaski I agree that the ultimate goal is to have successful full cycle deals.

 In case no one else posted, this is what Cali is up to.
https://www.mercurynews.com/2024/02/29/paw-friendly-proposed...

Something like (and you should have your attorney word this), "Should tenant break lease, per CA law tenant is responsible for full rent until the unit is re-rented or lease expires.

Full cosmetic rehab.

If you haven't already, a professional eviction service might offer additional strategies for dealing with difficult tenants and can coordinate with law enforcement to ensure safe access for inspection.Hiring private security for a short period post-eviction can help ensure safety.

I want to make sure I'm acting in accordance with the local government's legislation, but I'm having trouble making sense of all of the information I'm finding on https://www.roanokeva.gov/.How do investors usually navigate legislation requirements when starting renting in a new city?