Ensure that you thoroughly review your state regulations and display the necessary notices before changing any locks or removing any items left behind.

@Jordan Miller - I think to give proper guidance it would be good to share more details on the revenues and expenses on the property.

Start by talking to a cross-border CPA and attorney to handle taxes and legal structures properly.

With HML at least you in theory can vet the property and keep a low LTV to ensure you can be made whole.

If out-of-state offers significantly better returns, ensure you do thorough research and build a reliable local team.

Trying to balance proper due diligence against my desire to just acquire a bunch of mediocre units!  

Hardly anyone can prep properly, mask or dropcloth properly, cut in around trim and windows, get even coverage, etc. 

When it comes to analyzing properties, I’ve developed a specific checklist to make sure the home fits both resident needs and operational goals:Square Footage: Ideally, at least 2,000 sq. ft. to ensure enough living space for residents and staff.No Stairs or Pools: It reduces liability and keeps the home accessible for everyone (this is just my preference).Corner Lots: I love corner lots because they often provide extra parking and outdoor space—both of which are critical for families and visitors.

The fact they are complaining online might be an indication the property manager dealt with them properly so be sure to ask the manager for their side of the story.7.

There are fees associated with going to Real Estate school, obtaining your license, joining the board and MLS for your area, getting proper E&O insurance and so forth.