Finally, not sure if this is just a coincidence but default and delinquency rates have shot up since May.

But 9 times out of 10 that is made up for within 30 days by the tenant - so cash flow for the month USUALLY is consistent for the month - but maybe not by the 5th when it is due for us.  

Plus, you get a steady flow of cash from the buyer's payments, which can be super handy, especially if you're retired and looking for a consistent income stream.

If you consistently analyze properties, recognizing a good deal will be much easier when it shows up.

Also, keep in mind your criteria and process need to be consistent for all applicants.

Myth 2: I need to run a great pro-formaHere's thing about pro formas...they are almost always a shot in the dark.

LTRs typically offer more stability and consistent income, while STRs can yield higher returns but require more management.

However, if it's a 1 shot deal, then I'd hire the agent and attract the most amount of buyers, and get top dollar for the house.

It's going to take time and LOTS of phone calls but keep at it, your consistency will make the ball start rolling.

Needing costly maintenance after dealing with break ins, in-consistent tenants, and no one wanting to manage your property.My team and I, have created a graded map on all major cities in Ohio.