Also, don’t forget to explore platforms like Airbnb and VRBO to see what properties are performing well in your target areas.

.: Quote from @Barry Clay: Relative beginner here, I put an offer on a 2nd lien for 14K non performing note in Florida.

We have several rentals that we have purchased over the years near the Woodlands/Conroe area that have performed much better for cash flow with the same appreciation %.

It typically involves the following steps:
1.Seller Deliverables. Request a detailed list of documents and information from the seller, including financials, leases, contracts, capital expenditures, surveys, environm...

If they perform poorly, you are out the rent income or their paycheck, and you have to pay to fix the problem.

Also interested in Andrews feedback on the deal performance and the property management experiences.

In my case, I am encountering this problem and did not effectively perform the BRRRR as best as I could have.

To add to what @Jonathan Greene wrote:1) Understanding the local market, so you know what Neighborhood Class your building is located in, what Class your Building is (condition & amenities), and what corresponding class of tenants will be attracted.2) Using all this data to properly set your expectations and a realistic ROI.3) How to better screen prospective tenants, including catching fraud, so your property performs better.

.--- Tactic 2: Focus on Fundamentals: Zell emphasized cash flow and property performance over speculation.--- Tactic 3: Diversification: He invested across various real estate sectors, reducing risk.2.

Every investment company has its own important parameters for how they perform market selection and identify high-quality investments, so we build custom AI models that work specifically for our clients and their needs, automating 80% of routine tasks and scaling businesses without hiring more people.If you are asking about already built-in solutions, then it probably makes sense to take a look at Canoe Intelligence.Hi Denis,This sounds really interesting.