As a major buyer in San Antonio, Dallas/ Fort Worth, and Houston, one challenge I often face is the limited inventory or lack of serious deals that come my way.

The tenant understands that the property of the Tenant is not insured by the landlord for damage or loss of any kind (action of third party, fire, water, theft, vandalism, storm, heat or cold, electrical damage, pests, mold, accident, etc.), and the Landlord assumes no liability for such loss.

If they pay late now as is, let's say they lose a job or have a temporary loss of income, you're kind of SOL.I would look to build reserves between now and August.

I now offer "limited service" as a PM for 10% which includes marketing on 20+ channels, 24/7 guest communication, daily pricing, automations and software connections, but it is 10% of revenue. 

The only real way to do it, as I see it, is to go scorched earth and nothing is off limits.

You have the ability to sell while limiting your capital gains tax because you lived in 2 of the last 5 years. 

If your project has limited amenities - don’t comp to fully amenitized assets with a pool / fitness center / carport and garage parking / etc. 

Most lenders will also look at debt coverage ratio which limits leverage at this time due to higher interest rates.

Even before I had kids, managing rentals could be a headache, and now time is even more limited.

Cities with limited land for expansion have higher appreciation than those with abundant, low-cost land where new construction is preferred.