It depends on your financial strength, the quality of the property, how many properties you own, etc.I like to start with one significant expense and three months of vacancy.

I just wonder about the quality of the new construction itself and the quality of contractors being used.   

@Rosette PooleRecommend you first figure out the property Class you want to invest in, THEN figure out the corresponding location to invest in.Property Class will typically dictate the Class of tenant you get, which greatly IMPACTS rental income stability and property maintenance/damage by tenants.If you apply Class A assumptions to a Class B or C purchase, your expectations won’t be met and it may be a financial disaster.If you buy/renovate a property in Class D area to Class A standards, what quality of tenant will you get?

Hi JenniferI’ve come across a few cold calling companies that have helped professionals generate quality leads.

@Alec Barnes As the owner of a property management company in Texas, I completely agree that a solid screening process is essential for placing quality tenants.

Respond within minutes to each one, as tenants often go with the first responsive option.Ensure you have high-quality photos that make your property stand out against the competition.

But that alone is not quality work, make your calls, provide value and always be learning. 

Quality furnishings, attention to detail, and seamless operations helped set the property apart, maximizing its earning potential.

Where you fall in that range will be dictated by bedroom count per unit and the quality of the area/building itself.

The key is working with a good VA agency that uses well-known CRMs—this allows you to track their work, monitor lead quality, and have clear visibility into the numbers.