Are there specific steps or systems you follow to ensure it’s done correctly?

By exploring options for cost-effective utility usage, such as installing low-flow fixtures and implementing irrigation systems, we can significantly save on water expenses.To keep things running like a well-oiled machine, you’ve got to have a rock-solid asset management plan.

Good advice from others, talk with insurance, and get started on damage control. 

Potentially free parking for your guests.Condos can work too, but there are more variables out of your control.

Required distributions from qualified retirement plans.This is controlled by Section 401.

Especially on SFR which currently are not rent controlled (see prop 33).  

•Systems: Servicing the HVAC system, replacing the water heater, and updating the electrical panel.The renovation was completed in 13 weeks and totaled approximately $35,600.

These systems are becoming more sophisticated and (my favorite) capable, leading to improved user experiences and potentially freeing up human employees to handle more complex tasks and interactions.

Turning over management via a triple net lease is a great way to lock in superior cash flow thru a 15%+ long term lease.Self managing is easy money with tech and systems.

If you do it right, it’s arguably the best market to invest.Purchase: $80k-$130kRent: $1100-$1500 (no rent control in MI)1% rule: .9%-1.4% rule dealsCoc ROI: 5-12%Total ROI: 20-40%Cash flow: $50-$250/door (after all expenses and budgeting for maint, capex, vacancy)Appreciation: 3-10%+ (has been double digit for a decade)Location: C+, B-These numbers are based on the “sweet spot” in Metro Detroit.