Properties that were undervalued just a few years ago are now turning solid profits for those who can complete timely renovations.Low Inventory: With inventory levels continuing to tighten, the demand for well-renovated homes is higher than ever.

I have to get a permit to do that even though its rural area with nothing but farms around it.And the septic rules keep tightening up there worse and worse where its rendering some lots that were previously approved for a one or two bedroom septic to where they are literally unbuildable and useless because they won't allow any septic at all.   

My initial recommendation is tighten up your lease.  

So the enemy method is the way to get a good idea.Check AirBNB and VRBO and see what similar properties are doing in the area.Also, Louisville recently tightened up the rules around STRs so check with the city and make sure you are good to go for a particular property.

If you are sending them out to change one light bulb or tighten one screw all the time they will get tired of you. 

Banks have tightened their lending requirements which aren't allowing most people to qualify.3.

@Jennifer GazeThe areas around Vegas have been tightening the STR rules.

Higher rates mean higher monthly payments, which can strain cash flow and reduce profitability.2.

PA though has just passed some legislation I believe or working on it.. that is going to tighten up the lease with option to purchase investor..

I know these are basic rental type things but I with a full time job and young kids and my own primary home that needs a lot of attention it just all feels like a huge strain to do anything at all for the rentals.BUT, we have great interest rates on the mortgages, really good tenants, and the rentals won't always break even-- they will go up in value and in rent.