Comes down to having the right property manager at the end of the day. I had a tough love manager that always had a "bench of tenants" that wanted to move in case things went sideways with the current tenants. I had a D 4plex in the slums of Las Vegas. After some basic rehab, I put in a few low level amenities and raised the rent a bit. After quickly moving on w/ 2 tenants and bringing 2 new ones in, things well pretty well. I added security cameras, new security gates, onsite laundry, and added a playground set. I gotta say, by month 6, it was cash flowing nicely. I ended up selling it about a year later but if I could do it all over again, Id probably section 8 it. It wasnt a bad experience for me but having the right hands on PM made the difference.
