Just closed on a couple of properties a week or so ago.  

I know nothing about which state is best to invest in, and obviously I would be using a property manager.

I was wondering what your experience has been, good or bad with buying rental property in close proximity to the firehouse/station?

Here’s why this market is so ripe:1️⃣ Mom-and-Pop Sell-Offs at Huge DiscountsA lot of these properties have been in the same family for decades, but now the kids aren’t interested in taking over the business or the real estate.

This is a great look cost preventative maintenance thing It also allows you to "inspect" your property periodically

Purchase price: $255,000 Cash invested: $60,000I bought a condo back in 2019 in Ashburn, VA as a rental property.

Even if you plan of holding the property - your tenants will appreciate especially if you get into a landlord/tenant dispute. 

(FWIW,$8K on just the compressor seem excessive.)Otherwise, unless your contract with your GC says they will provide 24/7 surveillance, or you can prove the AC was never installed, you own the problem.If the property has been vacant for more than 30 days, most policies won't cover vandalism unless you have added a Builders Risk Addendum.

I’ve bought multiple properties using RTR and have never felt predatory.

Under New York law, landlords have 14 days after the tenant vacates the property to either return the full security deposit or provide an itemized statement indicating any deductions made from the deposit.If the landlord deducts any expenses from the security deposit, they must provide the tenant with an itemized list detailing each deduction and the corresponding cost.