Long-term rentals provide a steady income, fewer management expenses, and market stability.

Get out in your spare time and inspect the available listings--product knowledge is one of the major keys to unlocking success. 3.

Let's just put this to bed and do more productive stuff. 

For a property to qualify for a 1031 exchange, it generally needs to be held as an investment or for productive use in a trade or business, which typically excludes properties built with the intention of selling.

When starting a business or owning multiple properties, it’s crucial to manage your cash flow effectively to ensure long-term stability and growth.

I wouldn't even bother with major cities given the ratios but you likely will get better rental stability pending on asset class but in general deep pocket investors like larger cities for its demand and stability in order to wealth preserve vs cash flow..Investors who want cash flow seek 2nd tier markets..To clarify 5) you meant negative cash flow and not negative cap rate correct?

Your not going to get the products for half off retail, so don't kid youself.

We are also in a period of stabilizing the properties so we also have significant CapEx, most of the construction being handling by the property manager's in-house crew.  

Typically you'll be dealing with older product - from my experience, the key to capping your downside risk is being able to identify plumbing issues.

We hired a General Contractor for an exterior back wall stabilization.