Quote from @Ben Trageser: I work with Mark's firm a lot along with a number of clients.

I am a co-host in Dallas and Waco, TX and I have an idea of what types of owners and properties I want in my co-host portfolio----and with each client/property I learn which qualities are working for my business setup or what qualities I need to be working on to upskill.

Those two things turn some folks off, but if the numbers work, they work. 

What is the best course of action? 

Alex,Every decision boils down to the numbers. 

I would also add, a contractor that you can buy materials for and they know how to put them in with little to know direction (reduces the management time of the project).

What is drawing you to it?

Hey Jonathan - I usually start by checking what similar properties are charging in the area, considering things like size, amenities, and location.

If you take that cash and try to buy units in the area, ask yourself what are they selling for?

In my experience tenants on the lower end of rent tend to cause more damage than higher price tenants.