It turned out pretty great, the process took longer than expected but I ended up getting really great tenants in there.

An activity is a rental activity if tangible property (real or personal) is used by customers or held for use by customers, and the gross income (or expected gross income) from the activity represents amounts paid (or to be paid) mainly for the use of the property.

When I have these questions, I try to think about what I would expect from my landlord as a tenant.

@Craig Bowman Recommend you first figure out the property Class you want to invest in, THEN figure out the corresponding location to invest in.If you apply Class A assumptions to a Class B or C purchase, your expectations won’t be met and it may be a financial disaster.If you buy/renovate a Class A property in Class D area, what quality of tenant will you get?

To manage this relationship, landlords should establish clear boundaries, respect space, use a third-party property manager, and set expectations for tenant responsibilities.

I just want to make sure I have all T's crossed and I's dotted. 

Meaning, if you spend money on ads you are expecting an ROI correct?

When people buy too many properties too quickly, they end up with underperforming assets and more cap ex than they expected.

You can do a comparison of Price sold to rent per sqft and get a great idea of how the market is changing or what to expect from rentals there!

Do you expect it to turn around, and/or is there anything you can do to help increase revenue?