Most investors don’t realize they overpay for a property until months, or even years later. On paper, the deal looks fine: the numbers “work,” the property seems solid, and everything appears to check out at first glance. But over time, reality starts to set in. Cash flow often comes in lower than expected, repairs end up costing more than planned, appreciation doesn’t make up the difference, and overall returns underperform initial projections. In most cases, the issue isn’t
