Every state is different with days to post notices, and when you can start your eviction proceedings.The key is to charge it, enforce it, and make sure you follow the rules for everyone.

I broke down some key trends to monitor and their implications on a potential investment approach:1.

The key difference is that when buying as an LLC, you won’t typically qualify for traditional FHA or conventional mortgages.

To see if this strategy is worth it, focus on key areas like depreciation (standard or using cost segregation for bigger upfront deductions), mortgage interest, and typical expenses like management, repairs, and taxes.

For example, I had a client who converted a student property in a college town to a traditional rental, but the key was that the asset wasn’t performing well.

Finding the right operator is the key here but once you do it's passive for 3-5 years as a commercially leased home.

If things are tight or you don't have expendable income to invest I would go turn key. 2-4 unit properties would be great, the goal is to minimize your monthly housing expenses to save so if you are occupying a unit you will probably not cashflow

Having owned a property management company for 5+ years and managing over 300+ units, here are a few key questions I’d recommend asking:1.What’s your process for collecting rent?

My thoughts: be patient, save up money, put yourself in a great financial position, and then buy.

Here are a few key things to keep in mind when you’re hiring:Experience and Local Knowledge:You want someone who not only knows the ins and outs of managing properties but also has deep knowledge of your local market.