We capitalized on market demand and sold it the same day for $216,000.

@Michael Swantek if a tenant has no written lease, then they are legally counted as having a montht to month lease, based upon a calendar month.Give the tenant a 3y0-day eviction notice, demand for possession.If you give BEFORE end of September, they will have to move by Oct 31.If you give in Oct, they will have to move by Nov 30.

Learning about dynamic pricing is a great next step to boost your revenue by adjusting rates based on demand and seasonality.

But there is just not enough housing here for the amount of people, and so monthly rent has increased significantly for tenants due to the high demand and lack of supply. 

Consider Fort Worth market trends and target areas with strong rental demand and appreciation potential.

He was demanding huge “points” to do these deals, raking in personally as many as 15 points on a deal.  

Overall we have vastly more “good” tenants, and the law allows you to get rid of the bad tenants and maintain a desirable place to live for the good tenants who you want to keep.High-maintenance <=> High-Return: Those prior two points drive what I meant when I said the cash flows and NOI should be about double what they are on a “vanilla” MF (multi-family) purchase at the same price point, but it can be a high-maintenance proposition to manage the screening on the front end, the day-to-day management issues, the more frequent turnover and vacancies, and the frequency of needed court filings to get the keys back from a tenant when somebody is not being a good neighbor to your other tenants in the lodging house.Bottom line: We think we were right on point five years ago when we identified that SROs fill a critical niche that is in extremely high demand.

There is less demand for assets in tertiary markets.I'm not a fan of all 1 beds, but that depends upon the market.

My thought process with going FSBO is my market research tells me my condo is in high demand as it is the lowest cost to home ownership (starter homes are going 250K+ condo will be 140ish) and in the last 6months 3 similar have sold going contingent in less than 2 weeks. 

But then again, with such an incentive in place, demand for first-time homebuyers would likely skyrocket.FHA loans already only require 3.5% down to purchase a home.