In addition to doing regular inspections as soon as someone gives notice due and immediate inspection to determine if the unit is being kept up decent or if you need to plan on some repairs before it is turned.

One thing I'd add is that backlink quality matters way more than quantity.

Ensure you have an emergency fund for vacancies or repairs and verify market trends to confirm the investment supports your long-term financial plan.This post does not create a CPA-Client relationship.

When you underwrote the deal, you assigned some dollar amount for repairs and capex.

Our ground moves quite a bit and $150 is worth it to see if there is a 5K+ repair needed.

Double check so you are budgeting correctly.Last, I would generally NOT recommend you use your Heloc for your repairs.

In each market I operate in I have someone available for showings this person is usually my runner who is responsible for quality control and restocking inventory but I've also used a cleaner for this.

IE at the time if you built on all the hundreds of thousands of lots there you would have perpetual grid lock not to mention water quality etc etc.

So one major repair can wipe out a year's worth of profit.

If an operator is not responding to you adequately - in timing or quality - prior to you wiring them $50,000, you have to ask yourself how will they respond after they already have your money?