As with any market, there are risks and rewards.

Despite the fact that the market has dropped significantly both in rent and price, I still think the market should be considered high risk/high reward.

The lone ranger approach works for some people, and I'm certainly not saying this is the only way or the "right way" to success, but for me and others in the community, it has been valuable and rewarding.

Hey @Josh H. it's higher risk and def also higher reward.

With the right planning and execution, the rewards in the luxury market far outweigh the initial hesitation.5.

But no risk, no reward. 

If you think you'll hand it off to your PM to run and take the great amount of passive income as your great reward, there is so much more to it.  

Its money well spent land development is high risk high reward.. depending on Jurisdiction. 

Managing a property can be incredibly rewarding, but it does come with its fair share of challenges—especially with the recent shifts in Rhode Island legislation.In 2024 alone, 39 bills were introduced, and seven significant ones passed, including extended rental terms, mandatory fee disclosures, and other updates that every landlord should have on their radar.

In the end my tenant received a reward for being respectful to my property and I am now have this unit locked until next year with a small dip is gross rev!.