What is your price point and are you looking for turn-key properties or something along the lines of a "fixer upper"?

In more than half the country you don’t even bother with cash for keys because evictions are simple, fast and cheap.The part of the system that’s broken if you’re doing “a lot” of evictions is your screening.

The investors that I work with in your position prefer to look more to turn key to find these deals. 

Are you looking into Turn-Key?

They can be problematic for guests to use, rely on connections with other devices that can fail, and are often easier to hack than a key lock.

Key changes include:1.

Here are the key details of my situation:Rental Property Details (Note: This was our primary home till 2017):Current Value: $970,000 to $1MPrimary Mortgage Loan Balance: $505,000 (@ 2.6%)Took Home Equity Loan on this house to make down payment for my current primary residence.Home Equity Loan Balance: $123,000Total Loan Balance: $628K (Primary Mortgage + Home Equity Loan)Rental Status: OccupiedPrimary Residence:Purchased in 2022Mortgage Rate: 7.3%Current Loan Balance: $650KMy goal for 2025 is 2 fold: #1.

One key piece of advice that I would give anyone looking to turn their property into a rental would be to make sure you are in a financial situation to do so.

Also, when evaluating a value-add deal, what are the key factors you prioritize most? 

First, focus on building a strong network—relationships are key in this business.