While cap ex is inevitable, there are certainly ways to prolong the life expectancy of major services such as scheduled filter changes, scheduled drain clearing, etc.

The last time I did an insurance MTR it involved my work truck, an alternating current generator, 150 feet of extension cord, a sawzall, an appliance dolly, my 14 foot trailer, a house with fire damage and a $3000 Samsung French door fridge.Don't expect to make any money without doing any work.

Once you have gathered a few potential candidates, it's important to ask them about their experience, any specialties they might have, and for references from previous clients.Clear communication about your expectations and the scope of the work is crucial.

Depends on your expectation for this remodel.

@Daniel WindingstadRecommend you first figure out the property Class you want to invest in, THEN figure out the corresponding location to invest in.If you apply Class A assumptions to a Class B or C purchase, your expectations won’t be met and it may be a financial disaster.So, when investing in areas they don’t really know, investors should research the different property Class submarkets.

This takes away the unrealistic expectation to meet some made up metric.Flipping presents the perfect analogy: in any market either the front end or the back end is hard.

Despite rising interest from young families and institutional investors, the number of new SFR and BTR units is expected to decline sharply, from 34,000 in 2024 to just 9,500 in 2025, a 73% decrease.While demand remains, rent growth in this segment has turned negative, falling by 0.8% in Q2 2024 due to higher vacancies in 2023.

Just put it in your contract, set the expectation, and go with it.  

Are the results about what you expected?

To attract a long-term partner, emphasize the mutual benefits and build trust through transparency in the deal structure, profit expectations, and exit strategy.