Here’s how it works:Buy a cash-flowing property with solid fundamentals today.Rehab it, improving the property’s value and generating more rental income.Rent it out to ensure cash flow covers your costs.Wait for a Rate Drop—this is the new "R."

When you select the next tenant I would certainly ensure that you have your eyes on the applications that are coming in, and ask that you are involved in the decision making process. 3x income, clean credit and background checks should be a minimum for approval, even if it takes a month or so to find someone. 

You’ll want to ensure rents cover PITI by at least a ration of 1 to 1.

You will want a lot of remote tech and automations.Even with all of this your issues will revolve around Quality Assurance - be cognizant of that and build systems to ensure quality.

Consider if it will truly benefit your tax position, liability protection, or asset management, or if it will just add unnecessary paperwork.If you’re in a state like California, keep in mind that you’ll have to pay $800 annually to the Franchise Tax Board, file a periodic Statement of Information (SOI), and submit a Beneficial Ownership Information (BOI) report.It’s a good idea to consult a real estate attorney to ensure you’re making the best decision for your specific needs.

Common expenses include:- Attorney Fees: Legal assistance for reviewing contracts and ensuring compliance can vary based on the complexity of your deal.- Title Insurance: Protects against potential disputes over property ownership.- Appraisal Fees: Necessary to determine the property’s market value.- Closing Costs: This can include various fees related to finalizing the loan, such as recording fees and settlement costs.Inspection Fees: If required, this ensures the property is in good condition before purchase.It’s a good idea to discuss these potential costs with your lender upfront to get a clearer picture of what to expect.

Offering a commission can help ensure that agents are motivated to show their properties and market them effectively.However, there are also flippers who have found success by not paying buyer's agent commissions.

I am looking for the agreement that states the terms of payment and details of communications to ensure I am getting paid and the person told me that is based on verbal communications of trust between the two.

I've really had to manage my property manager as an example and ensure that I am really getting the return forecasted for my investments.Peace of mind is the goal at the end of the day.

The platform aims to streamline day-to-day operations, ensure compliance with local laws and regulations, and provide real-time reporting and analytics.