One of my bizz partners sold his garbage company to waste management for 75 mil his balance sheet is a crack up.. house in Napa valley house one in Lake tahoe hunting ranch some commercial in downtown Napa. and a big huge wad in triple net munis  and zero debt.

This is for bandwidth and risk management. 

However, like most property managers, once in awhile they do have investors interested in selling and at that point, they may reach out to their clients about that sale. 

The #1 reason why landlords fail - according to the American Apartment Owners' Assn - is failure to manage to the lease. 

( Regarding interior, and not HOA, management, location)Anyone has experience renting for snowbirds?

I am a local agent, property manager, investor, and house hacker in SLC area.

Once you are familiar properly evaluating a deal and identifying most of the potential obstacles, it becomes fairly straightforward and your profit margins go up considerably.

I lived there for a couple years and I met this guy who has bought and managed a ton of property there. 

that we’ve learned in our 24 years, managing almost 700 doors across the Metro Detroit area, including almost 100 S8 leases:Class A Properties:Cashflow vs Appreciation: Typically, 3-5 years for positive cashflow, but you get highest relative rent & value appreciation.Vacancy Est: Historically 10%, 5% the more recent norm.Tenant Pool: Majority will have FICO scores of 680+ (roughly 5% probability of default), zero evictions in last 7 years.Class B Properties:Cashflow vs Appreciation: Typically, decent amount of relative rent & value appreciation.Vacancy Est: Historically 10%, 5% should be applied only if proper research done to support.Tenant Pool: Majority will have FICO scores of 620-680 (around 10% probability of default), some blemishes, but should have no evictions in last 5 yearsClass C Properties:Cashflow vs Appreciation: Typically, high cashflow and at the lower end of relative rent & value appreciation.

Costs after it’s placed in service are deductible as rental expenses.If you need help tracking these costs or categorizing them for your tax return, consider working with a tax professional or using software that helps you manage rental property expenses.