We love investing into properties that we can hold long term and we have been fortunate enough to have great tenants through our intense vetting process that stay with us for long periods of time.

For example if one partner added a long-term rental in one party completed a rehab and flip, please properties we need to be filed.

We manage 300+ units, I've flipped over 75+ houses in the past 3 years, and I currently own 28 long term rentals.   

For this post, the long story short is that no cats were on the application but lo and behold, there are 4 cats in the house during my first inspection.

Talking to people who’ve done deals in your market, both successful and unsuccessful, will give you invaluable insights and help you develop your niche.I know that’s a broad answer, but hopefully, it gives you a good starting point!

Does anyone have any referrals for property managers in the Los Angeles area who specialize/ have experience in mid term rentals? 

Jessie Vasquez is in your area and is a very successful MTR investor and coach.

Especially since I’m already the one choosing rates/terms. 

Gross Margin is an important calculation for developers/builders.Gross Margin = Gross Profit / RevenueWe shoot for a 20% gross margin on our New Construction HomesReal #’s:Home Sales Price: $374KClosing Cost: $18,700Cost of Construction: $258KLand Cost: $30KGross Profit = $67K$67K/$374K = 17.9% Gross MarginCame slightly short of our goal of 20%Homes Values and Build Costs are constantly fluctuatingI wish we had a crystal ball

Think of it as s long term investment that will save you headaches down the road.