Below is a diagram showing location requirements (click to enlarge).Essentially, your investment performance is tied to the economic health and outlook of the markets you invest in.To maximize your chances of high performance, select a city that meets the following (basic) criteria.Rapid and sustained population growthMetro population >1M.

But it's handy to have that tool in the toolbox in case my well-laid plans and well-screened tenants go awry.

Long story short, in 10 minutes you can play with a property and get the estimate feeling really good without spreadsheet adjustment, jumping around to different tools, and see the changes play out live in the model. 

Quote from @Daniel Sharma: Curious to know what websites or tools do you use when you are trying to look at market trends in different states or cities?  

There are already multiple automated review tools available - how will yours be different?

It also has built-in tools for rent collection and tracking, which takes a lot off my plate—especially during tax season.You don’t have to open a physical bank account for each property, but having a way to segment funds makes a huge difference.

These elements may not be as exciting as sealing the next big deal, but they are essential to building a sustainable and successful investment journey.A thoughtful tax strategy can help you take full advantage of available deductions, choose optimal structures, and keep more of your income.

As a professional residential property manager, I would say that any tear in the carpet that doesn't look like normal wear & tear, essentially when it's not in a high traffic spot, is considered damage and can be deducted from the security deposit.

I replicated the rental property calculator using a spreadsheet. I get the same results given the same inputs :)Something I noticed is that the Bigger Pockets calculator adds CapEx to the NOI calculation. But when und...

It's so easy to get distracted by shiny objects, but it’s those routine tasks that keep everything moving forward.Do you have any specific tools or systems you use to stay on track with those daily tasks?