First things first, when assessing property managers, it is crucial to prioritize their ability to collect rent and manage delinquencies.

Start by scheduling a walk-through to assess the property and confirm renovation needs.

We're new to looking at AirDNA numbers and assessing where we would fit.

So depending on how much you pay for it, you can assess your cashflow.

Sometimes, properties owned by non-profits have deed restrictions, zoning conditions, or agreements tied to their use.Tax Considerations: Non-profits often hold tax-exempt status, so you’ll need to ensure that taxes are assessed correctly once ownership transfers to you.Potential Public or Internal Scrutiny: If the transaction appears to undervalue the property or is perceived as exploiting a non-profit’s resources, it could lead to reputational risks for you or the organization.

I only have a dozen properties but I’ve never used an LLC for any of them.

We bought our first rental property, a duplex in Portsmouth, VA, in what we assessed was a C neighborhood in March 2023.

I've navigated multiple rental property fires, nearly a dozen over the decades. 

In my area, they charge transfer tax on the assessed value rather than the LOW sale price.

There are a gazillion AirBNB listings, condos are a horrible purchase right now with all the assessments going on from recent tragedies.