A smoke detector in every bedroom and a smoke detector and carbon monitor in hallway of every floor and in the basement or attic IF you have furnace, hot water heater etc in them.

The main challenges facing the multifamily apartment sector that we’re monitoring are the rising costs of repairs and improvements, higher insurance premiums, and increasing property taxes.

Strengthen your financial strategy by building savings, monitoring credit, and exploring loan options.Good luck!

.  --- and... these issues become issues for the other Tenant and then turns you into the constant 'utility police' because you constantly have to monitor # of occupants... eww. 50/50 is simple and simply understood and 100% while vacant is also simply understood.

I also monitor new legislation.

You can self manage (which I understand is work), but it also forces you to monitor your investments more, and makes you a better investor, even if you were to outsource (since you now know what goes into it).

I want to ensure I include him on my list of contractors to monitor.

It might be worth it to install some security cameras and signs saying the property is being monitored to deter criminals.

To succeed, focus on cash flow, build a strong team, have a backup plan, and monitor market conditions.Good luck!

I am looking to find a property in the area where I live as it is my first investment property and I want to be able to monitor as much of the process as possible.