@Allende Hernandez what happens if one or more occupants move out and the others stay?

Possibly staying in a place for a year, possibly in a smaller unit and moving on and renting it out.

@Jordan Meltzer unless you find a screaming deal - a Class A property won't cashflow for 3-5 years.Class B: 1-3 years.Class C: most investors don't properly understand the risks, so should stay away from them.So, you may need to deal with negative cashflow, but plan on appreciation increasing your wealth.

It’s about staying curious and paying attention to the way Dubai is reshaping itself, both for the residents and the global community watching.

Stay there one night and test it yourself.

I agree that efficiency is a huge part of that equation, and the more efficient the PMC, the more they can stay profitable with lower fee structures.  

It’s a solid strategy if you stay prepared for unexpected costs and keep some reserves on hand.

Hey Deirdre,To address your questions:Providing freedom by handling day-to-day operations.Offering peace of mind through proactive maintenance and tenant communication.Reducing risks by staying ahead of legal requirements, tenant screening, and dispute resolution.Enhancing the bottom line by identifying cost-saving opportunities while ensuring tenant satisfaction to reduce turnover.Is the experience still important when the property thrives financially?

I like the strategy of having a job with guaranteed income and taking advantage of owner occupied financing to purchase a house hack, staying connected with the REI community in the area, and scaling up from there.

For my area, looking to stay under $180k but could adjust slightly.