I always tell the tenants that communications is critical and to keep us informed of their progress.

Its at the base of Maslow's hierarchy of needs. https://www.simplypsychology.o...Since housing is critical for all people it has generally been favored by the government and blessed with tax incentives to provide this critical need.

The 20% expense rate is super low, but I used realistic numbers and that is how it works out.I have no problem with criticism because I make many mistakes.

Interest rates can vary with lenders who can fiance under an LLC depending on market, property performance, credit and anything else the lender deems critical to the performance of the property.

You need a critical mass of clients and income before you can even think about hiring an employee, and without employees what do you need an org chart for?

Emergency funds/cash reserves are critical to have in place.

The critics have given me “constructive criticism” without me asking for it.

I would interview several GCs, and make it clear that timeline is critical.

For example, he got complaints and stars taken off for things like, “the top of the fridge was dusty” and “there were no oven mitts provided”… If you understand Airbnb, you know how critical it is to get 5 star reviews.

You can always renegotiate or find a new one, but getting one lined up is critical to getting occupancy up in the interim.