When this occurs, area incomes fall and cities reduce spending on police and schools.

We typically have a specific criteria of contingencies we are putting into place within the purchase and sales agreement to help protect our investor clients from many of the issues that arise when inherenting tenants.

This establishes the legitimacy of the arrangement and protects against audit risks.

Where I have seen AI or other tools help is with the initial data entry process, so one can spend their time analyzing and modeling the data (vs. keying in data).

Also, take time to understand Arizona landlord-tenant laws to stay compliant and protect your investment.

Monitor your spending habits to make sure you’re consistently putting money aside for both the short-term and long-term costs of real estate. 

If you are 100% occupied (and trending) no need to spend money.

I was just listening to the BiggerPockets podcast and James Dainard says he spends 350-400k for an ADU.

Overall closing out 10 months with Pricelabs I think it is worth it, but I still spend about the same amount of time adjusting rates everyday (10 to 15 minutes for 9 properties).

Hello everyone, I am reaching out to the BP Community for suggestions.My Portfolio100% owner of 7 SFH PropertiesGP in about 30 SFH properties(of which I own somewhere between 25% to 50%)All but two properties are managed by a PM CompanyNet worth of the above is about $2,000,000 - $2,500,000My IssuesI have many SFH's - Which take up time(Currently spending time paying property tax and insurance, requesting quotes on insurance policies and overseeing the PM Company(approve rent increases, approve renovation projects, etc).They also take up head-space(having to remember property addresses, remembering when property taxes are due)(I have reminders/systems but something I would like to reduce)Goals1) Spend less time on Real Estate2) Free up head-space2) Make $240,000 annually from real estate(Which I think is not to hard if I can increase my net worth and can get an 8% return)Possible Solutions1) Sell all the SFH's and buy 4-Unit Properties to take advantage of conventional financing2) Sell all the SFH's and buy one large apartment complex3) Sell al the SFH's and invest in syndications4) Sell all the SFH's and purchase stock / bonds5) Continue to hold all the SFH's6) Any other suggestionsOther Considations1) Should I consider private notes?