Build a strong team, prioritize cash flow, and take the time to understand the local market and regulations, especially for development projects.

@Andrea Lucarelli - We are converting our planned airbnb into a mid-term rental here in Chicago because it got denied by the city because supposedly its in a "planned development area". 

. $295 in the winter if the heat is running the blower motor(s) all day could be justified for a larger 6-unit building but I'd have to see the historical elec charges to know.

A lot of my out of state real estate clients really like this market because the macroeconomics look so good for this market - population is growing, job growth is growing, and so many companies moving and developing here.

Depending on the number of jobs and number of new development going on in the area it may just be simple supply and demand.

Anyone that is looking at your assets is always going to need to factor in property management, so you can show that as a real expense (and really make it as high or low as you want).I work in a vertically integrated real estate and development company, and I cannot imagine how things would run if we did not have an internal property management company that essentially works for the other companies but also stands on its own.

Developing? 

Incensed deal flow by developing a large list of contacts of commercial mortgage brokers using LinkedIn.  

If you don't have the funds yourself, you need to develop a solid relationship with those that do.

We’re developers managing our own portfolio and don’t have any outside investors.