From day one I treated my involvement in real estate as a real business.This means, I had an advertising budget, a lead generating and follow up process, a back end process and money source and above all an experienced mentor.  

This decision increased our budget from $15K to $45K, but it turned out to be a wise investment.

Ensure you increase the budget.

I'm specifically looking at a property on Lake Monroe.

Wanted to get some thoughts from more seasoned small multifamily investors on a few items or any other suggestions:- Any specific pros/cons of any particular states in SE (TN, AL, GA, NC, SC) to consider?

I don't want to violate any of the self-promotion rules on this thread by specifically linking or name-dropping, but it's from a data analytics platform I am working on specifically built for tracking construction, debt, and ownership activity in the Philadelphia region.I will be posting more detailed insights soon. 

I will tell you he did a great job because very little interior re-work was required - but it was a substantial hit to the Reno budget!

Considering it is already 2025 and they don't have a budget, you might also have an incompetent HOA to deal with.

Quote from @Dyllon Gibbs: Hi All,Does anyone have experience with rent guarantee insurance and any specific companies?

I’d recommend connecting with an investor-friendly agent in DFW to find off-market deals or fixer-uppers within your budget.