Proactive updates can prevent misunderstandings and build trust.By balancing the needs of these three stakeholders,  a harmonious ecosystem can be created where all parties feel valued and invested in the success of the property.In summary:Property management isn’t just about collecting rent or fixing issues—it’s about creating value for everyone involved. 

The husband had a good paying job that had a slow season where he would collect unemployment a few months per year.

Also, focus on 2 years of job/income stability.Class D Properties:Cashflow vs Appreciation: Typically, all cashflow with little, maybe even negative, relative rent & value appreciationVacancy Est: 20%+ should be used to cover nonpayment, evictions & damages.Tenant Pool: majority will have FICO scores under 560 (almost 30% probability of default), little to no good tradelines, lots of collections & chargeoffs, recent evictions.

For example, for a business owner; they have no practical way to 1031 exchange.

Figure out how to actually analyze property and practice.

In practice, this could mean 5 extra days that no rent is collected.  

It is unfortunate, you can get an attorney/collection agent if it is truly fraudulent.

I've been informed that completing the course alone may not be sufficient to pass the exam, so I’m seeking advice on how to prepare effectively once I complete it.Currently, my only other resources include a YouTube video, five practice exams, and a textbook.If you have any additional suggestions—whether online or in-person, paid or free—that could help me effectively prepare for the exam, I would greatly appreciate them.

That's how I started, with a company called Flip More Deals (currently called the Growth Collective) they were very hands on and helped me through the entire process and connected me with a lender and gap funder, very hands on you should check them out.

Best of luck collecting.