@Peter Tverdov it depends on going wages in your marketplace.I would imagine labor costs are much higher in NJ than in MI.

He is always having issues, confrontations, ongoing drama and the like.....You just provide an excellent service and smart people will pay extra.

The only big issue I ran into is on of the basement walls needed extra support, I don't think a newer build would have that issue. 

You’ll want to get really familiar with local zoning laws, short-term rental rules, and landlord-tenant laws as they vary by town if you plan on going the STR route.Focus on Cash Flow Early On: You might be tempted to go for something that appreciates quickly, but in the early stages, it’s important to find properties that bring in cash flow.

I ran a large wholesaling company for many years and we only used transactional funding.

Minimizing CostsHolding a real estate license comes with ongoing costs, such as licensing fees, MLS access, and association memberships.

REIHub, Stessa, QuickBooks, spreadsheets, etc are all valid tools and depends on the client and how their brain works.I wish you luck in getting yourself organized for the coming season, but would encourage you to make the recordkeeping an ongoing habit rather than a once per year stress fest.

If you want to have ongoing relationships with people you have to create some value in the transaction.

I think housing has a lot more other concerns ongoing than this, but this issue could also have a very slight impact that tied to the other 50 issues that housing has right now I am sure it will be used for political purposes. 

Many landlords, myself included, have faced the challenges of dealing with problematic tenants and the complexities of Massachusetts laws.In fact, we specialize in buying properties in Massachusetts and New Hampshire that come with ongoing evictions and difficult tenant situations.