The process is pretty simple, but it does involve extra steps compared to a traditional rental.

If an operator is not responding to you adequately - in timing or quality - prior to you wiring them $50,000, you have to ask yourself how will they respond after they already have your money? 

Operating Expenses includes taxes, vacancy, utilities, insurance, maintenance, and management fee.

My argument is simple—real estate, unlike most assets, doesn’t actually lose value over time.

Create a simple spreadsheet or written list to compare the features of each and identify the ones that align with your requirements.

This log should include:•The date of activity•The property worked on•Specific activities performedExamples of activities that typically count include approving tenants, setting lease terms, handling repairs, and other hands-on operational tasks directly related to managing the property.

Focus on simple, predictable renovations and strengthen your network with wholesalers, agents, and contractors.

I did a simple calculation, they make millions a year from this!

Anyone can do this with simple tools assuming it’s a drywall ceiling. 

Try and undertake fairly simple projects for your first couple even if the returns are not as impressive as you hope (still make sure there is sufficient profit).