@Jim PfeiferI think those of us that have made the mistake see the importance of a good sponsor, but also taking into consideration our investor goals.Passive investors NEED to learn the business of investing in real estate, and have to approach it as if they would be managing the deal themselves actively.That means there needs to be work done on the front end, like underwriting, selecting a market, understanding buy right criteria, etc.You can't just focus on a good sponsor, and pray things work out.  

Closing real estate deals in any economy requires flexibility, adaptability, and a variety of strategic approaches.

After doing it for 7 months I realized that the problem wasn't my approach or the letter itself it was more the competition in my market.

Could you recommend any resources or provide advice on the best way to approach this?

That's a handsome return for a pretty passive approach.  

I don't think it's a bad approach for passive investing—you could get it down to just an hour or so of work.

The episode dropped recently on the BiggerPockets Real Estate Podcast and goes into how these design elements can give your property a competitive edge.If you’re working on a project or investment in Arizona and want some insight on how to approach renovations to maximize value, feel free to reach out.

Can try to reposition to Class B, but neighborhood may impede these efforts.Vacancy Est: Historically 10%, but 15-20% should be used to also cover tenant nonpayment, eviction costs & damages.Tenant Pool: majority will have FICO scores of 560-620 (approaching 22% probability of default), many blemishes, but should have no evictions in last 2 years.

TL;DR* Aggressively pushing 'maintenance' and for the most part for things not requiring any maintenance* In-house maintenance rates are eye-watering, way higher than what you'd see in even most expensive markets* Maintenance does not require owner's approval - RL reserves decision what to do when, cheaper plans have higher limits and all are at RL's discretion * Refuses to manage in many parts of townLonger versionSigned up for their service after a few conversations over the phone - owner stressed investor-friendly approach.

In short it doesn't matter if you increase how much income a residential home is leased out for that will never improve your property value it's always based on how much homes in that area sell for. commercial real estate on the other hand has a few other ways properties are valued including the income approach.