Patience Pays, But so Does Smart PositioningIt’s s true that appreciation-focused strategies require patience, but in international markets with built-in tenant demand (e.g., near military bases or expat hubs), appreciation and cash flow aren’t mutually exclusive.

Make sure to maintain a cash reserve (3-6 months of expenses) to handle unexpected repairs or vacancies.It’s smart to consider the “what-ifs,” but don’t let them hold you back.

Again, not familiar with your market but your numbers seem conservative, which is smart.

I am not seeing any smart smoke detectors on the market that can detect weed smoke (freshair only takes large orders for 40 or more) .

Finding it through your Facebook sphere shows the power of networking, and keeping the rehab cosmetic was a smart way to minimize risk and maximize profit.One thought: Have you factored in holding costs, loan interest, and potential market fluctuations during the 45 days?

Ten acres in Texas with a mobile home to start is a smart way to get your foot in the door while planning for your dream home. 

A strong partnership benefits both parties.Happy vendors are more likely to prioritize your jobs and provide high-quality service, benefiting both tenants and owners.Balancing Stakeholder NeedsBalancing these relationships requires a strategic approach:1.Standardized Processes: Implement systems that ensure consistency and efficiency in addressing maintenance requests, approvals, and payments.2.Transparency: Use technology, like owner and tenant portals, to provide real-time updates and visibility into ongoing issues.3.Regular Communication: Maintain open lines of communication with all stakeholders.

Sometimes a name search will also reveal things on people not usually available until the technology of today. 

A more accurate way to describe it is "I received no income" - because you can have deals but still have no profit if your expenses are greater than your income.If you were actively looking for deals (and can document it) - as opposed to merely planning to start later - then you file Schedule C and claim business expanses such as marketing, driving, technology and so on. 

--- This includes requiring Housing Commissions to make better use of technology.