How well advertised is the deal?

I mean it stands to reason it will not get worse, as these interest rate cycles tend to take a long time, and some places already advertising under 5 something rates.   

Our partner, Ron Rowan, found the property through targeted local outreach and direct communication with the seller.

Ask targeted questions about their experience, project management processes, and critical team members.

We target properties that meet the location and density requirements but have weaker financial performance than peer properties.

I'm not saying you actually violated any laws or committed any human rights violations, but this is exactly why it's vital to have an objective, documented screening process and publish your criteria on every advertisement for the property that you put out there. 

When you're asking for investments or referrals, be crystal clear about your target audience.

Go to Etsy and search for "rental property tracker," and you will find hundreds of nice spreadsheets to track 10-20 rentals, usually for under $10.Software has extremely helpful features like online payments, marketing syndication (click a button, and your property is advertised on multiple sites), electronic document review/signing, maintenance tracking, and owner reports.

Here’s our OPINION for the Metro Detroit market (use as a template for your target area!)

Here’s our OPINION for the Metro Detroit market (use as a template for your target area!)