Do you perform regular preventative maintenance to avoid emergencies or are you more reactive?

You should have someone local who can drive by to check on the property, respond to emergencies, conduct regular inspections, etc.

Hello and thank you for this reply - yes, I have been analyzing a few properties - I have found that the main issue for both the traditional long term rental and also short term rental in this area is reliable property management - it is traditionally a cottage country tourist area, but it is becoming more popular for long term residency, and there is an emerging missing middle, because of property prices.

Around 2 million I like Advance Auto parts, Auto Zone, Davita, Fresnuis, Aspen Dental, Heartland Dental, national emergency clinics,etc.Starting out cap rate in 6's but over time blended cap might eventually pass the 7 cap mark.

They'll manage rentals, handle emergencies, and free up your time for investment strategy.

This may be easier to find in smaller towns or rural areas.Growth potential: Research areas with growing populations or emerging business districts.Tax incentives: Some localities offer incentives for small businesses or specific industries.Infrastructure: Ensure reliable internet and necessary utilities for your business.Potential locations to explore:Atlanta suburbs: Consider areas like Decatur, Marietta, or Lawrenceville for a balance of affordability and proximity to the city.South Carolina: Look into growing areas like Greenville, Rock Hill, or smaller towns in the Upstate region.North Carolina: The Research Triangle area (Raleigh-Durham-Chapel Hill) offers opportunities, as do smaller cities like Asheville or Wilmington.Remember to thoroughly research local building codes, zoning laws, and business regulations in any area you're considering.

This will allow you to run specific underwriting and projection tools to better assess each option.Remember, owning a property with a pool comes with added expenses, such as heating, emergency and routine maintenance, and higher insurance costs.

I work with them throughout Michigan to help emerging developers redevelop neglected properties in their communities.

I’m done with dead beats who give me lame excuses all the time why they don’t have rent or have ever had any emergency money to covered the unexpected things that we all encounter every month.

To get that you need to be preparing the suit, getting the bond and filing the necessary pleadings for an emergency hearing during the same window of time that the recipient is thinking about how to hide or spend the money.