Deep knowledge of tenant segments and their behaviors is essential, and this expertise comes only through a good property manager.

Anyone else out there started out flipping by jumping into the deep end?  

Never had an issue in 5 years of this when tenants have moved out I just send my house cleaner in for a deep clean NO turn over costs other than that.

It’s not wise to invest blindly trusting the operator reputation alone, without deep diving into many syndications.

- Our background check system flags the SSN as being issued after 2010Also, how DEEP is the accounts supporting the credit score?

There are 2 major deep sea ports in LA and San Fran for import/ export shipping, tons of natural resources and many high paying jobs such as in Silicon Valley which is the worlds premier tech hub, lots of venture capital funding for startups and many billionaires, probably more real estate investors have become multi-millionaires through appreciation there than anywhere else in the USA besides NYC… the list goes on and on. 

Add in property manager, repairs/maintenance, CapEx, vacancy etc and you will be deep in the red.

and i speak from experience on this end I bought over 250 C Ds coming out of the GFC in the mid west and deep south.. it was as you describe 2 steps forward one backward.. after two years and coming to same place you are today I sold out to my partners and let them take it.

Two Years into My Multifamily Real Estate JourneyFor the past two years, I’ve been diving deep into multifamily real estate.

Cleaning after every tenant does great, but every so often, you need a deep clean.