I also have used apps to collect payments,  but don't like cloud programs for reporting or financial data storage.

So, we obtaina full credit report and review collections, chargeoffs, age of credit accounts, active accounts, etc.to build an overall credit evaluation.FICO ScorePct of PopulationDefault Probability800 or more13.00%1.00%750-79927.00%1.00%700-74918.00%4.40%650-69915.00%8.90%600-64912.00%15.80%550-5998.00%22.50%500-5495.00%28.40%Less than 4992.00%41.00%Source: Fair Isaac CompanyPublic RecordsWe also obtain data from national databases about evictions, convictions and sex-offender histories.

Know how and who is going to manage, speak with local PM companies (if not self managed) do some due diligence on projections, nightly rates and optimally visit (if haven't already) the areas you're exploring investing in.

:🔹 Map Your Touchpoints: Reach out at optimal times, provide pertinent info early, and maintain the right number of touchpoints.

After placing a tenant, collect cashflow.

Innago does everything that we need it to: communicate with tenants, listings, applications, leases, maintenance requests, invoicing, and rent collection...

Let's say it leaks for days before detection, lots of water damage to kitchen cabinetry/floors, and it's determined the new water filter system was the culprit.Now the owner is trying to collect to remedy damages. 

This situation has prompted me to reassess whether now is the optimal time to enter the property investment market or if I should explore alternative investment avenues.

With my IT expertise, I believe I can be a valuable asset in areas such as data analysis, systems optimization, and technology integration.I'm open to any advice, resources, or connections that can help me further my understanding of multi-family real estate investing.

I've aalways considered an outdoor pod as shown here:https://privacypod.ai/collections/outdoor-podsIts all prefabricated and everything...