If there is no HOA because it has been family run, it will be dicey, but generally if it is a private road, all those on the road are collectively responsible for maintenance and improvements.

It does need maintenance at least once a year with Leather Food or the like to keep it nice.

We get about 200 - 300 maintenance requests every month; I would have to hire a FT property manager just to "walk" the maintenance concerns.

So as long as your insurance, property taxes, property management, utilities maintenance, repairs, vacancy, and capex come to $4/mo or less you’ll be fine.

It discourages new landlords from entering the market and limits the ability of existing landlords to adjust rents to match rising maintenance and operational costs.

The lease states that the tenant is responsible for landscaping and lawn maintenance.

Make sure you’re clear on how financing works and what your monthly payments will look like.Property Condition: Assess the age of the property, maintenance history, and any potential repairs or upgrades that might be needed.Due Diligence: Work with professionals, like a home inspector and a trusted real estate agent, to ensure the property is sound and fits your investment goals.Analyze the Neighborhood: The location can make or break your investment.

The property cash flows at a 15% ROI…………………..before insurance, debt service, utilities, management, vacancies, repairs, maintenance, payroll and property taxes7.

How much deferred maintenance is needed? 

@Mike TikhRecommend you first figure out the property Class you want to invest in, THEN figure out the corresponding location to invest in.Property Class will typically dictate the Class of tenant you get, which greatly IMPACTS rental income stability and property maintenance/damage by tenants.If you apply Class A assumptions to a Class B or C purchase, your expectations won’t be met and it may be a financial disaster.If you buy/renovate a Class A property in Class D area, what quality of tenant will you get?