What I see is there are many people from abroad who just want to park money here vs their home country due to inflation or some other reason who are willing to take minimal returns in exchange for principal safety. 

Things I've got down to minimal effort or fully automated: * Rent, security deposit, and fee collection* Basic accounting and tax packet creation* Listing vacancies* Lease signing* Applications, credit, and background checksThings I'm still dealing with directly ad-hoc or don't have a well defined process or solution in place for:* Requests and communication with tenants* Finding and coordinating service providers for maintenance and repair work* Scheduling showings and getting prospective tenants to make their appointments* Tenant turnover for move in and out* Keeping up with legal changes and lease template updates* Setting rent amounts* Lease enforcement - tenants are responsible for things like yardwork, routinely get letters from the city about weeds / tall grass, etc.Questions for the group:* What am I missing if I were to make out a checklist of an "automated property"?

The minimal $2,000 renovation budget presented a low-risk opportunity.

What are the most effective strategies for you, for identifying and analyzing undervalued properties in a competitive real estate market, and how can investors leverage these opportunities to maximize returns while minimizing risks?

With a purchase price of $200,000 and a sale price of $220,000, the property promised substantial returns with minimal risk.

One month, the asset could crush it during the busy season; another month, you may have minimal bookings.

A few tips here to help minimize damages...1.

In my area right now, probably most homes in decent neighborhoods will not cash flow with minimal down payments. 

-Decide between fixer-uppers, which offer customization and appreciation potential but require more work, or turn-key properties, which provide immediate rental income with minimal effort.Hiring a Property Manager:-A property management company ensures efficient marketing, tenant screening, rent collection, and maintenance.

If the ARV is strong enough you can get enough to cover it with minimal closing cost.