Study the market.

The key is getting the education, studying it and eventually learning through experience. 

😂 Hey @Jonathan Child , from all my study, people advocate getting a c class property you can value add, are you saying this isn’t a good idea?

If its a total gut, that changes things...but if it's bought right...Rehabbing will likely be your best bet. new builds set the price premium in every zip code I've ever studied. in addition new builds don't take 9 months. we just built a house in 60 days. we wait till permits are approved and shovel ready, investors buy land cash, entitle, contracts, negotiate with financing, place financing when we are ready and break ground. but we build the same over and over and don't go outside our Floorplans  

A few years back, I was asked by Airbnb to take part in a worldwide hosting study and, as a result, they shared the conclusions with me.

I would bet good money that they are paying below market rates.In case you missed it: get rid of them.Spruce the property up, study the market to determine a fair market rate, and find a renter that is willing to pay the market rate, pay the deposit, and abide by your agreement.Not everyone is cut out to be a good landlord.

There are videos, bigger pockets provides a lot of info to study and read before contributing to the reason we should be banned.

Study the market.

Study the market.

Then, do an Engineering Based Cost Segregation study and get back some of that invested money back from the IRS (it's 100% free to see how much you could save).