Trying to save $$ so I can prepare emergency funds in case of any major repairs etc .

It is always valuable to be able to walk into a property an analyze cost to repair, it is a huge factor in determining the feasability.

We lost a 3% interest rate but sold future maintenance and repair headaches.

Being the highest quality locaitons in all of MS or at least central MS you get the very best tenants.. then my office staff handled the monthly collections.. so hybrid.

The cleaning and repairs cost a conservative $2,000 because you did all the work yourself.

You also need UX, support, quality, a million other things.

However, our tenant turned out to be problematic—late payments, issues that led to an eviction, and additional repair costs before we could relist the property for sale.Now, after months of making mortgage payments out of pocket, we finally have an offer.

For example do you have a great w2 and can you afford to cover costs of a major repair or 3 months of vacancy?

Conducting inspections and due diligence on the condition of a property to derive realistic estimates for repairs is still the key.

@Melissa SejourRecommend you first figure out the property Class you want to invest in, THEN figure out the corresponding location to invest in.Property Class will typically dictate the Class of tenant you get, which greatly IMPACTS rental income stability and property maintenance/damage by tenants.If you apply Class A assumptions to a Class B or C purchase, your expectations won’t be met and it may be a financial disaster.If you buy/renovate a property in Class D area to Class A standards, what quality of tenant will you get?