A goal of 40 doors is theoretical and likely just matches the income that you want to get to that ranch, but managing 40 doors, especially when they are broken up into 15-20 properties is a bear for you or for property management fees (especially so if they are not all near each other).

Welcome to the community and be ready for a huge amount of information at your finger tips.

After the tenant moves out, we send someone to inspect the property for any damages, including furnishings like a broken vase.

I guess that tipped him off that I, or someone, was coming, because the new contractor got a call from Chris.

Im not an attorney or anything close to it but it seems a simple P&L statement that is broken down monthly could reveal the tenants not paying their rent on time enough to warrant eviction.

I appreciate the tip about the current market conditions.

Any tips for someone weighing those options?

One tip is that is a very tough state for flipping/investing too because of tough laws against lenders if needing to foreclose, just something to watch out for

It might be broken intermittently, I have had that happen on a zone heating system that used little computer boards and relays.And as @James Wise said, You need to think about protecting your investment from freezing because broken pipes which can be very expensive to have remediated.Good Luck!

We are still keeping our eyes on the market, but ended up purchasing in Broken Bow, OK for this purchase.