but, it's not going to be "profitable" for several years, depending on how you define profit.you'll have a down payment, then closing costs - which new investors always seem to be shocked by - then potentially some costs to get a property rent ready, then you'll pay a month's rent to get it listed and rented out, then you'll likely have some repairs after the tenant moves in.  

Asa result, we are seeking alternative methods for acquiring off-marketproperties.While we havedeveloped a robust system for identifying and pre-qualifying potential landparcels, one of the major hurdles we face is reaching the property owners.

Cities like these offer untapped potential without the intense competition found in larger metros.3.

Post on local Facebook pages for contractor referrals, go to local REIAs, and ask your potential agents and PMs (even if not using a PM at first...you may at some point).There is only so much that service providers can do and many of them are far from "experts"; so, be prepared to be your own expert at being willing to figure stuff out as you move forward.

But it's not for everyone, especially the weather.Regarding starting a PM business, I would want a less mature market that has a lot of growth potential.

It is a platform with a large user based which will help drive more potential viewers to your listing.

The renovation aimed to modernize the property, enhance its appeal to potential tenants, and maximize its long-term value.

The risk analysis and mitigation is all over the map.We have done very well over the last 15 years.

Keep in mind TExas allows deficiency judgements so thats a risk and why you never want to sell sub to in Texas especially

We've had several situations where a potential client would tell us what we want to hear.