And yeah, there's always the risk of tenants using this as leverage to extend their stay.For anyone looking to invest or flip properties in these areas, it's more important than ever to strategize carefully.

One of the key lessons I learned was the importance of thorough due diligence.

One of the key lessons I learned was the importance of thorough due diligence.

This one is not important or good if you don’t take care of your properties but I update all of my units AND want my tenants to take car of the unit so a yearly inspection with the Sec 8 Inspection is great for me.

Kipling St reinforced the importance of market timing and swift transactions.

Your Operating Agreement is more important than the LLC itself and requires more thought.  

Value: While property management fees typically range from 8% to 12% of monthly rental income, the benefits often outweigh the costs by ensuring a well-managed property with reliable tenants and fewer legal issues.ConclusionWhether you manage your own properties or hire a professional, the importance of property management cannot be overstated.

All expenses get imported automatically and I tag what it does not automatically categorize for me.  

It isnt for just "anyone"- the House Leader is the MOST important person in the equation on so many different levels.  

Everything would sell eventually, but I usually had to list it at 50%-60% of 'market value' (what it had been worth before the crash), which meant it was very important to buy it at a huge discount in the first place.Even when listing most vacant lots at a discount, the average time on the market was 6 - 9 months.