You could probably just go buy a different investment property and achieve the same returns.

They were selling on pro forma, but the market and the debt market have shifted, and it's aa lot harder to achieve higher pricing with lower rents.We've purchased over 2,000 units, and the simple answer to the question is that they are either mom and pops and run their businesses with ZERO KPIs, they do not want to risk losing tenants if they raise rents, and they don't treat their asset as a business.When you take over, it can be difficult to get rents to market if they are very suppressed.

By targeting better locations, leveraging Section 8 for consistent cash flow, and balancing low acquisition costs with high guaranteed rents, you've achieved impressive results like $1,100 in net cash flow on a single property.

Hopefully, this is a useful example of what’s achievable with out-of-state investing, even with no local connections. 

If the unit is empty and the potential tenant seems great, I would let them move in on the 29th or 30th of the previous month since most tenants will prefer to move on the weekend and I won't ask rent for those 1-2 days (of course utilities have to be in their name, etc).

I suspect this is mostly campaign rhetoric that was popular with the current anti immigrant xenophobia that grew out of the pandemic both here and internationally and won the election, but the governments ability to achieve any real change in the population of illegals in this country would be very out of character.   

In 2019, I launched my own revenue management agency to help Airbnb owners boost their income and achieve greater returns on their short-term rental properties.

I started with the Simple Start plan, but as I learn more about the software, I realize that to effectively classify income and expenses per unit, I need to use Classes and Locations, which are only available on the higher-tier plans.I’ve seen suggestions to use units as customers as a workaround, but I’m curious if anyone else has tried this approach or has recommendations for managing multiple units in QuickBooks with the Simple Start plan.Looking forward to your feedback!

California has the highest rate of investor homes in the nation because of the returns that can be achieved.  

Starting with small multifamily properties 2-4 units is a solid move, plus if one unit is vacant, the other can help cover the mortgage.