Get a firm quote before committing.If appreciation is low, ensure rents are strong enough to justify the effort. 

One thing that we felt was important in selecting our property was to hedge our bets by ensuring the property would function as a long term rental since we know the current climate in New Orleans regarding STRs is not positive and there have been on-going regulations coming out because of this. 

My partner and I are the creative investors that can guarantee we will put in the sweat equity to ensure a successful relationship. 

CoghillWe’ve used AppFolio for many years to manage a large portfolio, and while onboarding can be thorough, it’s primarily to ensure compliance with financial and legal standards.

It’s an interesting approach, but ensuring a strong screening process and a legally solid agreement is key.

Trying to Scale Solo.The Myth of Doing Everything YourselfWhen I first got into real estate, I thought I had to:✅ Find the deals✅ Secure financing✅ Handle renovations✅ Manage tenants✅ Deal with maintenance✅ Track every dollarI figured, “If I want to maximize my profits, I need to do it all myself.”Sound familiar?

In mid February, many tenants get caught up when they start getting their income tax refunds (depending how fast they file).Income tax refunds also give tenants the needed funds for first month of rent + security deposit, so they can move.Check out this graph, which was created from tens of thousands of data points:Regarding your property, suggest the following:1) Where specifically is it being advertised?

@Abby H.Shifting from house hacking to small multifamily is a great way to scale, and securing a JV partner is all about networking, credibility, and structuring a win-win deal.

The property owner's tax professional can help them with that and ensure they don't pay taxes twice on the same income.Disclaimer: My advice/opinion in this post is just that, my opinion.

It also confirms the amount of security deposit and the lease ending date.