With patience and a solid plan, you’ll be on your way to building a successful portfolio.Good luck!

@Ted FreemyerNot too bad of terms, but others are similar. 

A recent article discusses how Bloomington is considering flexible zoning to support dorm-style units, aiming to provide housing solutions for residents earning 30% of the area median income (AMI). finance-commerce.comThe city has successfully added new rental units in the 50% and 60% AMI bands but faces challenges in creating units for the 30% AMI bracket due to financial constraints.

Most PM software allows late fees to be charged.Ours allows us to absorb the cost of tenants paying electronically thru the software - it usually wants to charge tenants, but we want them to pay electronically.We manually charge tenants a Processing Fee for mailing in their rent, a slightly lower Processing Fee for depositing to our bank.Your success will depend on the Class of your tenants.

They are exceedingly rare, thus very expensive, but I believe they represent an excellent long term steady income and store of value.  

As long  the tenants pay the rent each month, increasing their rent will be very tough and getting them to leave will be extremely tough. 

I've had success using these phrases: "Respond NO to unsubscribe" or "Respond PASS to quit receiving these messages".

Wholesaling is a great way to get started, and networking is key to success.

@Tiffani HollisFor a long-term rental, I’d avoid used dishwashers entirely—repair costs and reliability issues often outweigh the savings.

Half the team focuses on long term rental management and the other half focuses on short term.