I have always wanted to start a multi family portfolio but Atlanta has proven to be a semi-tough market budget wise.

The best recommendation I have heard from PM interviews is to attend the semi-annual walk through. 

Obviously I'm semi-new to this concept.

My goal is to work a few hours each day and stay semi-retired.As I said in an earlier post, I have been looking for a larger apartment complex, RV park, or mobile home park for about a year, but haven't found one that will cash flow to my standards.

:lol: I really... really like this site and I plan to be here on a daily, if not a semi-daily basis.

@James Palassis - You are right that Pigeon Forge and the surrounding area in TN has a lot of STR demand but there is also such high supply in the area that it can be semi difficult to get those premium nightly rates that were mentioned.

I don't see the buy down viable in most markets now with the lack of inventory and market changes sellers just wont go for it. thats why you paid 3% as opposed to the buyers that bought from me paid 1.25% for their money.I think in the semi depressed markets that are still out there this works in hot markets no one is going to want to fool with Naca and their dysfunction.

Sure...but life is too short to be on call 24-7...It is not impossible to have a semi normal schedule in RE, and it is not impossible to make very good money quickly.

Use of LVP flooringUse LED lighting without bulbsUse satin or semi gloss paint for easier cleaning of wallsBlack appliances instead of stainless show less scratching over time & still look updatedLine kitchen cabinets and drawers with vinyl sheet for protectionPut bath fan on same switch as light in bathroom to ensure air circulationRemove garbage disposal if not newer due to continuous maintenance Remove exterior door knobs that have locks to avoid tenant lock outs, use deadbolt insteadRemove closet doors if they become an issue especially large bifold ones, install a curtain rod or leave exposedRe caulk areas as needed during turnoverInstall door stoppersUse curtain rods on larger windows, let tenants get drapesThermostats that cannot be reduced or increased above certain thresholdsSchedule HVAC maintenance twice a yearSchedule gutter cleaning once a yearPhysically mailing 2 tenant tip letters a year with reminders incorporating visual images  Interested in hearing more suggestions from others!

In an attempt to keep it a bit shorter than a book, we semi recently closed on a townhome in N Metro T2 suburb of Minneapolis.