In lower-value areas like Sylmar, market values max out around $3.28 million, which results in a loss.The key takeaway?

VG is the exact same thought process of why investors buy Turn key rentals through turnkey brokers or turnkey companies..

DealMachine and direct mail can work well, but consistency is key.

Highly recommend (I require) collecting first month's rent prior to handing over keys.

Here’s a summary of the key advantages:1.

Start by exploring books, YouTube channels, market research, and analyzing trends in neighborhoods.

I currently use Gold Key Property Management in Anderson IN, and have been very happy with there services.

Networking will be key here.

When we moved, we turned it into a rental, hoping this would be the start of our real estate journey—something we’d like to continue once my husband retires.Some key details:My husband is active duty and will retire in 3 years.We have one final move coming up this summer to Raleigh, NC.Our current debts are crippling us—the high interest makes it tough to stay afloat every month.The plan I proposed to my husband:Sell the rental property.Use the proceeds to pay off all our debts, set aside emergency funds and a down payment for our next home.Free up $1,500/month from debt payments, and that also can stash in a high-yield savings account.Regain full VA loan entitlement, allowing us to purchase a multifamily home and use the house hacking strategy for up coming move.Avoid capital gains tax, since April marks five years of ownership, and the tenant’s lease ends in May.This wasn’t our original plan, and we hate the idea of using our equity to pay off debt.

Your team is key to your flipping success.