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I self manage my units so my views are more related to the actual work of property management rather than communicating results to property owners.The most important factor in successful property management is not a personal quality or trait, it's having EFFECTIVE processes in place to support the business.

Liability will be a huge factor, but there are other considerations that a licensed agent can discuss with you.#2) You can, and should always, vet the financial stability of any insurance carrier on A.M.

Our focus has been on creating high-quality, cash-flowing properties designed for investors looking for solid returns.While we primarily concentrate on vertical development, we’ve also started exploring horizontal development in certain projects as we continue to expand our footprint.

How passive and how safe these other options are, are also important factors to take into consideration.

The next factor is since you are looking to use that towards a down payment for your next investment you will need at least 20-25% down payment.

You do have to "kiss a lot of frogs" to find the right tenant, but just factor that in. 

I advise clients not to solely rely on AirDNA data for performance analysis as there can be some variation based on amenities such as hot tubs, premium decor and design and general operational excellence. 

Factors to consider include proximity to campus, tenant turnover, seasonality, property management, and financing options.

More markets are creating "Good Cause Eviction" laws designed to protect tenants from unfair evictions.