all the time, so I try to every now and then share it with others and answer any questions.Location: Metro DetroitPrimary target: Purchase: $80k-$130kRent: $1100-$1500 (no rent control in MI)1% rule: 1%-1.4% rule dealsROI: 8-14%Cash flow: $150-$300/door (after all expenses and budgeting for maint, capex, vacancy)Appreciation: 3-7%+ (has been double digit for last decade)Location: C+, B-   Some Notes:- I don't actually save 15% for vacancy, maint, capex any more.

Tyler Shirk's team with Bear BnB is the "go-to" for STR PM in Kansas City-- and they specialize in taking control of the property, furnishings, and pretty much handling everything.

Hi Claude,I just closed on a 3 family in Newark, and went through the process of registering the units with the rent control office.

Rates are higher than a conventional investment, but in some cases you may find these have lower fees since a DSCR lender isn't controlled by Fannie/Freddie loan level pricing adjustments.

You could theoretically (if your DTI is good enough) control a $1M asset for $50-60k.

No shortcuts here and you need to largely be in control and able to execute. 

It just means I mind my business, and have my attention, emotions, and focus on things I can control. 

This is where things out of my control set me up for the disaster that was to come.

The other issue is condos built prior to 1978 in Los Angeles are likely subject to LA Rent Control.

Overall, my ability to take risk and control assets has increased with almost no effort on my part and I learned how to "prove my worthiness" to financial entities. 10/10 experience.