The virus has impacted a fund like AHP mostly in administrative delays with foreclosing on properties and getting them converted to REO properties for resale.

Did you notice which of your updates made the biggest impact on your final sale price?

Because hiring a GM is far from simple, they literally run everything so how they do directly impacts everything, in a big way. 

@Adam OrtizRecommend you first figure out the property Class you want to invest in, THEN figure out the corresponding location to invest in.Property Class will typically dictate the Class of tenant you get, which greatly IMPACTS rental income stability and property maintenance/damage by tenants.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.If you buy/renovate a property in Class D area to Class A standards, what quality of tenant will you get?

That’s a great reminder of how even small details can significantly impact the way a property’s value is perceived.I’ll definitely keep this in mind as I work on formatting my T-12s and ensure they’re straightforward and professional.

And moving from a triplex to fourplex generally has no impact to the $/sq ft appraisal.

And how much of this (taxes, regulations) is a reaction to investors setting up STRs anywhere and everywhere without any consideration to the neighborhood they are doing it in and the impact on that neighborhood.

@Jeff SkinnerRecommend you first figure out the property Class you want to invest in, THEN figure out the corresponding location to invest in.Property Class will typically dictate the Class of tenant you get, which greatly IMPACTS rental income stability and property maintenance/damage by tenants.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.If you buy/renovate a property in Class D area to Class A standards, what quality of tenant will you get?

This isn't something I want to do forever, so I want to build it in a way that I can exit, and my employees/operators come and go, that has as little impact on the business operations as possible.

The project was budget-conscious but impactful, ensuring the unit is ready for future renters.Reflecting on 2024: Wins, Challenges, and Lessons LearnedLooking back, my first year as a landlord was a crash course in property management.