Property management is the foundation of successful real estate investment - so it has been a great way to grow my real estate career.

The buyers had a structural engineer inspect and then asked for another $60k reduction to stabilize the foundation.

The foundation is so bad the house has shifted and I’m going to be spending nearly 40-50k to get this remediated.

Having a stable income and good credit will be foundational in qualifying for a loan.

Someone paying 1,000 likely wants 100 hours of time as they will struggle with lots of stuff and blame someone other than themselves when they don't follow all the steps because they are lazy or don't want to put in the steps to lay the foundation.The foundation isn't sexy.

Single family 4bd house in Round Rock that needs foundation work.

The smart play would be to build a two story wood frame structure on top of piers or concrete block in most cases. 35 feet is a pretty typical height limit in most neighborhoods, so depending on elevation you SHOULD be able to build two stories on top of the elevated foundation.

Phase #1 - Recovery  - characterized by high vacancy rates and no new construction- rent, during this phase, is flat or declining- owners offer rent concessions to avoid their property occupancy rate from  decliningPhase #2 - Expansions- characterized by declining vacancy and the start of new construction- occupancy improves, concessions are not being offered, and rental rates being to growPhase #3 - Hyper Supply - characterized by new construction and vacancy rates beginning to rise - rental rates begin to grow at a slow rate- rent concession are being offerred due to the new construction in the area [in the hope of retaining current renters]Phase #4 - Recession - characterized by the completion of construction and a decline in occupancy rates - concessions are abundant to avoid high move-out rates Here are some foundational truths about optimizing your investments:#1 sow seeds of success in the down times - "The season of failure is the best time for sowing seeds of success."

As a new investor, focusing on these can give you a solid foundation to grow your portfolio.I’m primarily focused on the Indianapolis market, where we specialize in new build duplexes that offer strong returns and stable rental income.

You might have fixed it up nice but modular homes here have serious ceilings on value, even on a permanent foundation.