We have created work instructions for every step of the process so we can maintain consistency in how we evaluate properties, communicate with tenants, market our properties, handle rent increases, manage property turnover, etc..... 

I find that managers are somewhat reluctant to cut rents because they have an interest in maintaining income across the market, even if that means your property sits vacant. 

You cannot maintain a business with negative cashflow. 

According to the Planning Board, the intent of the RM-2 Zone is to create, maintain, and enhance residential areas characterized by a mix of single family homes, duplexes, townhouses, small multi-unit buildings, and neighborhood businesses where appropriate.I'm assuming by definition I am zoned to convert to a triplex?

To thrive in real estate investing, you must maintain a firm grip on your finances.

To thrive in real estate investing, you must maintain a firm grip on your finances.

I want to remain local in NJ or at most drive down 1hr to PA (self-manage or, last resort, hire a PM)However, I must also consider maintaining reserves, a safety net for my primary home, and an emergency fund.It's just hard for a new investor now :(

Consistent cash flow: Reliable income to build wealth.Less stress: Stable tenants and well-maintained properties mean fewer headaches.Long-term appreciation: Steady growth over time.Resilience: Weathers market downturns better.Ami I chasing "shiny objects" or building a solid foundation?

Tenants should certainly take responsibility for maintaining the property and promptly informing the landlord of any maintenance concerns.

Financial freedom isn't simply about replacing your current income, because inflation continuously drives up prices, making a fixed income insufficient to maintain your standard of living.