Do not buy for appreciation in class C neighborhoodsAfter many conversations with successful investors and my own experience, successful investors focus on the following:1.

During the due diligence process, did the buyer walk the property, unit by unit?

At first, I want to purchase 1 mobile home to fix and flip to learn the process.

Some landlords have not been paid and some tenants are unable to make up for the rent owed by IHA and have either been evicted or are in the process of.

We’ve tried off-site laundry, but our sheets get mixed up and replaced with lower-quality ones, so we prefer on-site washing.Currently, our cleaners have about four hours between guests to process 6–8 loads, but the dryer is the bottleneck at 1.5 hours per load.

They always say in the letter they send about the transfer not to worry, all the payment info will transfer automatically but then they have issues processing payments on their end and it’s always difficult getting through to anyone who knows how to resolve the issue on their end. 

Thank you again for pointing me in the right direction—I’m looking forward to learning from this process! 

For payment processing, we use Stripe. 

Affordable relative to the rest of the US so great place to work remote or just enjoy a reasonable life without being hugely cost burdened Cons: A lot of older than 1980s construction (you 100% can be successful with these properties just have more to check during due diligence) Need to be mindful of market rents in the area and not overspend on renovations where there is not ROI to do so, you can’t usually exceed $2 sf on rental rates and average price per sf is 1.25-1.5 sf (neighborhood, unit type, and finish level specific).KC is not a boom and bust market, you don’t get the high highs or the low lows.

The landlord can then proceed with the eviction process in court if the tenant does not remit payment.