Regarding preference of red vs blue, for many, it's not about profit and more about values and/or peace of mind (i.e., housing a squatter is infuriating).

How might this decision impact the overall investment strategy and long-term profitability?

Hi John - We do have one property that will not be profitable or just about break even in 2024 due to all the unforeseen maintenance items:  pool heater, roof, pool fence, handy man over a dozen times, remodeling took 3 months instead of 3 weeks, etc. 

This allowed our partner, Ron Rowan, to focus on executing the deal without worrying about the financial burden, ensuring a smooth and profitable transaction.

However, I do think if you can hold out for 1-3 years you might see rates drop a bit and insurance drop a bit, and I feel pretty confident we'll start seeing 3%+ organic rent growth per year in the next 2-4 years again.

As you start closing deals, you will need to reinvest your profits into mailing lists and other scalable activities to grow your business.

I'm local and definitely can see how that is a tough choice with the location.If it was by the numbers I'd say spend the money to make it worth as much as possible and try to sell, then use the profits to fund what you want to do next.

As for him doing things for profit, that's LAUGHABLE.

But he said the prop. management he looked into out there takes a percentage of profits from everything, including repairs.

Over 60k profit MarginHow did you find this deal and how did you negotiate it?