Better tenants expect better and treat the property so.

Even if the rental has a decent cash flow with additional flood insurance, we're still not sure we want to take on that risk as we are out-of-state investors (planning to move back to KY in the future, but not now) and we don't like that it will potentially bring down the perceived value when we try to sell it in the future.The seller has never lived there and has not provided any information on if it has flooded before or not. 

Expect the first $1M to be easier then it slow down but assume a 10% marketing budget - meaning it will cost $100k for every $1M you raise early on after that first $1M

Wishing you the best in your future. 

.: Hi all,I have to move back to Los Angeles in the near future and I’m interested in purchasing something I can add value to and exit within a few years.

One time I had a guest smoke and it went right up the ducts into my unit, it was awful.I'm conscious about how that could potentially affect guests who will be staying in the upper unit in the future.

@Tannia CastroRecommend exploring as many sources as possible to get referrals AND cross-reference them to get as much accurate information as possible.Check out NARPM.com, BP’s Property Manager Finder (BiggerPockets: The Real Estate Investing Social Network), etc.Also, encourage you to learn from the mistakes of others - by reading posts here on BiggerPockets about owners not having their expectations met by their current Property Management Company.

My ultimate goal is to become successful with my real estate investments so I don’t have to rely so much on my job and be able to spend more time at home with my soon to be wife and future children.

I am a real estate agent trying to make new connections that is looking into property investing in the future. 

The layout also has the possibility to convert to a duplex in the future.