Perform a detailed financial analysis to determine the viability of renting out the property.

Additionally, check crime rates and the overall safety of the area, as these are crucial factors that tenants consider when choosing a rental home.Financial Analysis: Perform a detailed financial analysis to ensure the investment is viable.

How has that property performed?

And if they are 50-70% leveraged, AND the equity is performing at 5-7%, then most people would be living off of most of that come and have only about 10% of it to donate or sacrifice.

That is very little money for the amount of work performed, but not only the onsite manager, but all the people behind the scenes that no one sees.

Owners mistakenly ASSUME all PMCs offer the exact SAME SERVICES and PERFORM those services EXACTLY THE SAME WAY, so price is the only differentiator – so, they often select the first PMC they call or that calls them back!

Typically, pool homes or town homes with 4 bedrooms up will perform much better.

This will allow you to learn the ropes and minimize your risk as you gain experience.Monitor your investments: Continuously track your investments' performance, including rental income, expenses, and property value.

How often does family and friends disclose their tax/income to you, their credit scores, their performance reviews, etc.

I have partial ownership of an apartment complex in the Bay Area so there's rent control which limits cash flow but it's still performing well.