I do know there is no point worrying about something that is out of our control other than making sure you aren't over extended and if you have places you are thinking if selling in the next year or two-try to keep an eye out.I've leased cars where after 3 years it had lost almost 50% of it's new price.

@Saurabh Patel most important - take control of your property and the tenant!

On the Development risk side, I told her I would never put us into less than a breakeven deal potential.Development there are far too many moving parts even though our process control is broken down into bite sizes.  

That way, you’ll have control over the operation and might be able to squeeze in a few extra bookings to pad your numbers.

I talk with a lot of investors who are stuck when the HOA fee goes up and they no longer cashflow.With SFR you are in control and have many other exits.  

Typically, Wholesalers get a property under contract and then remarket the property while it's under control to investors looking to make their spread and then assign the contract and get out of the way.   

So, that is within your control.

Here's a map comparing income tax rates by state.Rent control: Never invest in any city that imposes significant limits on your ability to manage your own properties.

Turnkey rentals are a fantastic option - new builds or completely rehabbed homes, tenant ready, some tenanted, systems with 10 years of life remaining on them and property management teams in place -especially in the Midwest and Southeast of the country!

This is unfortunately the downside with hiring full-service property managers; you lose complete control of your unit and finances.