Be sure to include instructions for turning in keys, notifying you that she's out, etc.

In multifamily here in Reno, NV (just over the hill), we have seen some great deals with higher cap rates for buyers, but also very low cap rates on some renovated, turn key inventory. 

The key lesson is that if you rent to Section 8 tenants, their negative behaviors may result in non-Section 8 tenants to leave.Rent increases are more likely tied to the minimum wage.

The key?

Networking is key in this business, so don’t hesitate to reach out and collaborate.

DefinitelyFlexibility is key, and theres much more flexibility in the median/high income areas

Sounds like you'll have to ride this out.Next time I recommend "cash for keys."

Patience is often the hardest to harness but key to avoiding missteps, I’m sure.

The key is to consistently put yourself out there and learn from others in the process.Good luck!

Managing money might not seem as exciting as closing deals, but it’s one of the most crucial aspects of running a successful real estate business. Properly structuring your bank accounts ensures that every dollar in y...