My cousin's POV was MTM would be 3-day notice to pay/quit as opposed to chasing after 1-year lessor for defaulting.MTM tenant would not need to worry about rental increase as it is regulated on annual basis in California capped at 10%.

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A lot of people chase cash flow, but the reality is that even if you just break even while renting it, you'll still be making money through appreciation, depreciation, and loan paydown.

My wife Andrea own over 100 rental properties in Metro-Detroit...We chased this 16 unit down for TWO YEARS before finally getting the owner to sell it to us back in 2022.It had A LOT of work that needed to be done:- Tenants weren't paying rent on time or at all.- Units were completely outdated and had deferred maintenace.- It needed a community face lift and re-brand (was called windmill apartments....yuck.)We came in and strategically worked our business plan:- We upgraded the exterior including fresh paint, signage, and landscaping.- We removed delinquent tenants and changed the community standards around to provide a safe and clean place of living.- We've upgraded 75% of the units with fresh flooring, paint, cabinets, countertops, and appliances as needed.When we took over the property the 16 units were producing around $9000/month in gross rent.I just checked our rent roll today, and we just crossed $17,000 in gross income monthly!

The also encourage people to do door knocking on the pre foreclosure list, and the use of bird dogs to do it.That is in summary their core marketing education, although Brent Mott, from their team, offers additional marketing education during some weekend every month, which provides some good quality education.Their educational program also includes scheduled support calls with Shenoah and other people in the group, several days a week.

No system is perfect, so don't waste your time chasing after the next shiny object.

It's always a safe strategy to buy a better property in a better neighborhood than just chasing cash flow that is not even guaranteed or buying in class C and D just to cash flow. 

We all start out chasing cash flow, but once you hang on to a property long enough to watch it appreciate by 50-100-150k, you realize that appreciation is the game.

A bird dog looking to meet your requirements and standards!

It's tough to be forward thinking, but there's a reason for centuries people have said, "The Early Bird Get's the Worm".