The importance of lowering expenses and increasing efficiency to maximize property income.

Time is money, and delaying a renovation often means lost rental income.

I mostly work in low to moderate income areas anyway so it checks all those other boxes.

Loss of rental income is only covered if it is listed in your policy.  

Average tenants budget to their income and their income changes very modestly each year on average.

If there's equity maybe selling and restarting would be ideal unless you can up income/cut down expenses

I'm a mother of an 8 and 11 year olds, my husband works full-time but I quit my job when we had my daughter and wanted RE investing to replace my income.

Gradually raising rents, exploring lease buyouts, or selling with tenants in place are balanced alternatives.

Not going to kill it on the rental income, but if you sell it subject to, there is a lot of equity.

Here's a quick breakdown:Unforeseen Property Issues: Hidden damage, bad tenants, major repairs – these can eat into profits.Vacancy Woes: Empty units mean lost income, impacting cash flow.Market Downturns: Property values can drop, affecting your investment's performance.