The high cost did not match the quality of the content or the level of support provided.

In my opinion, it’s a terrible look when someone affiliated with a property management company doesn’t pay rent—and the owner won’t step in.High Turnover Costs-My properties often required expensive turnover work, frequently due to evictions and poor tenant quality.

They don’t factor in the quality of renovations or unique property features, which are critical when determining a true ARV.

A few things that newer investors should note:- it took 13 years to get there, you have to be patient- rents are high at about $1,750, so probably a quality neighborhood- looks like that is after vacancies, probably low turnover?

@Rory DarcyRecommend you first figure out the property Class you want to invest in, THEN figure out the corresponding location to invest in.Property Class will typically dictate the Class of tenant you get, which greatly IMPACTS rental income stability and property maintenance/damage by tenants.If you apply Class A assumptions to a Class B or C purchase, your expectations won’t be met and it may be a financial disaster.If you buy/renovate a property in Class D area to Class A standards, what quality of tenant will you get?

Keep in mind that once you drop down in population there are issues with finding quality property management and as well as securing quality tenants. 

I prefer quality over quantity, so Im ok with this. 

I'm entertaining hiring Egyptians because many of my colleagues have had great experience using them recently, but I've managed hundreds of VAs over my 10 years of investing with the majority of them being from the Philippines.Having a hiring process will determine the quality of applicants you receive. 

Limited labor and resources : Unlike the catastrophic fires in Lahaina Hawaii there are significant resources in Los Angeles to contribute to recover, but quality contractors, tradesman, plumbers, electricians and laborers have long been in short supply.

Here are some key qualities to consider:Professionalism and Integrity: A reputable broker conducts transactions with high ethical standards, ensuring reliability and competence throughout the process.Effective Communication Skills: Clear and prompt communication is essential.