I would simply pick how you want to look at it, and then assess all deals in the same way, so you have apples to apples comparison.

They don't think that far ahead.Property tax usually gets re-assessed.

This framework should be comprehensive, covering all key areas of property management including financial management, tenant relations, routine and emergency maintenance, legal compliance, and property marketing.Identify the critical traits, skills, experiences, and credentials that distinguish a high-quality property management company.

They can review your specific situation, assess potential risks and options, and provide guidance on the best course of action.Considering Ownership Structures: Depending on your long-term investment goals and risk tolerance, you may explore alternative ownership structures for your investment properties, such as holding them in your personal names or utilizing other legal entities besides an LLC.

That means that even at $150/mo cash flow, you're just one association fee increase (or special assessment) away from losing money every month!

My recommendation would be to assess the entire neighborhood where the properties you're interested in are located, rather than focusing solely on individual homes.

I struggled with comprehension of this for some time.

@John ThomasIf you want to develop your rental property and reach financial freedom with real estate investments then begin early following these basic steps: research, network with professionals, look for a local market, put together a team of experts in this field, assess your financial situation, specify the criteria for investments, adopt baby steps, get to know all the details about the area where you want to invest money, then invest them or take part in any riveting event after thoroughly examining it.Put together a group of pros—people like farm operators, land agents, building firms' representatives, lawyers who handle real estate law issues or litigators dealing with real estate disputes, loan officers.

Assessments or low reserves on HOAs3.

Property taxes are also higher in AB than BC (for properties with a similar assessed value).I bought in BC when interest rates were lower, so it was easier.