My NW Philadelphia projects which are on the outskirts of Philadelphia (but still city proper) have been my best performers.

You should invest a LOT of time to find 2-3 of these guys, but properly manage them.

Most of the time, it should take 30 days or less if the property is properly renovated, marketed and priced.

Here’s a breakdown of the pros and cons of each approach based on my experience:Tenant Swapping:Pros:Tenant Retention: Keeps the property occupied, which helps avoid vacancy periods.Minimizes Turnover Costs: No need for cleaning, marketing, or re-screening tenants if the new person is already known.Flexibility for Tenants: Can be seen as a more tenant-friendly approach, allowing them to find a replacement without facing penalties.Cons:Risk of Unknown Tenants: The new tenant might not be as reliable as the original one, leading to potential issues down the line.Lease Violations or Delays: If the new tenant doesn’t meet the lease requirements or fails to sign a new agreement, this can lead to complications.Operational Complexity: Keeping track of the lease terms, managing paperwork, and ensuring proper screening for new tenants can increase administrative work.Notice for All (One Notice to Vacate for Everyone):Pros:Clear Expectations: Everyone knows what’s expected, and there are no surprises with last-minute tenant changes.Consistency: Easier to manage leases and tenant turnover with a straightforward system.Quality Control: You can screen all tenants that are moving in, ensuring the new occupant meets your standards.Cons:Longer Vacancy Periods: The property may stay vacant for longer, especially if finding a replacement tenant takes time.Tenant Frustration: Current tenants may not be happy with the requirement to vacate, even if they want to stay.Marketing and Re-screening Costs: You’ll have to go through the process of finding and screening new tenants, potentially leading to increased costs and downtime.I’d love to hear what others are doing!

Some agents classify it as a ‘commission rebate’ or ‘buyer credit’ and deduct it accordingly, but you’ll want a CPA to confirm how to structure it properly.

There are also some extracurricular studies and courses online that you can take for learning proper UW and utilizing UW models.

Through all this I learned Joyce had a husband and a long term marriage at home and me not being the only client she slept with over the years I learned she had MANY sexual affairs on her late husband Larry Liggett who died of cancer at there home in November of 2023 while she would not even get him the proper health care needed and call in Hospice while she was coming to my residence and have sex with me and other male agents .

Partnerships equal rocket ships.

Quote from @Isaiah Murray: Can anyone help me find different ways to successfully buy your first rental property  Would need a ton of actual information about your situation to give you a proper response, but a great way to start is to house hack a place. 

Hey guys,  Im thinking of shifting my traditional checking/saving account and mortgage to a manulife one account which my broker has suggested so I can be ready to pounce on a house and properly conduct the yellow letter direct marketing offering cash when they want it.