To maintain profitability, it's essential to carry out in-depth market research, closely monitor remodeling expenditures, and do due diligence on prospective properties.Preliminary Advice for First-Time Investors:Become knowledgeable: By reading books, listening to podcasts, using internet tools, and connecting with seasoned investors, you may keep up your real estate investment education.Start modest: Start small and increase your investments gradually as you acquire confidence and expertise.Network: Make connections with other investors, real estate experts, and mentors who can offer advice, encouragement, and insightful perspectives.Make a good plan: Make a thorough investment strategy with precise objectives, deadlines, and exit tactics.

This will enable you to more efficiently monitor any financial activity linked to your house hack.Create forms for a rental agreement that spells out the terms and conditions of the renting.

I would also like to get one of those devices to monitor for smoke and noise (not sure what to get for this either)  What recommendations do you have for a deadbolt keypad that I can change out the code for each new guest?  

*This question is for any property manager or people with prior property management experience*What would you say are the biggest issues that reoccur when dealing with tenants, vendors, etc?

Bathrooms, bedrooms are not being monitored. 

If the price point is feasible I'd advise to do your first flip locally that way you can build systems and processes and gain the experience of doing a flip while being able to monitor close by.

Where do you personally go or what do you specifically review when you're monitoring or looking for emerging markets? 

-Ideally list early in the week and during a weekend-Monitor economic indicators and interest rates.Marketing Strategy:-Develop a comprehensive online and traditional marketing strategy to get your listing in front of the most buyers.

The doorbell camera can't monitor the inside of the rental unit, but it can capture funny business.

Pros:Stable Income: These facilities often sign longer leases, providing landlords with a more stable and predictable income compared to traditional residential rentals.Higher Rent Potential: Because these facilities generate income through the services they provide, landlords might negotiate a higher rent than standard residential properties, reflecting the commercial nature of the tenant's business.Lower Tenant Turnover: Residential assisted living facilities tend to have lower turnover rates, reducing the frequency of vacancies and the costs associated with finding new tenants.Social Contribution: By renting such facilities, landlords contribute to addressing the growing demand for assisted living and support services, positively impacting their community.Property Maintenance: Tenants in this sector often maintain the property well to comply with regulations and ensure a comfortable living environment for their clients, potentially reducing wear and tear.Cons:Regulatory and Compliance Issues: Facilities must adhere to strict regulatory and compliance standards, which can involve the landlord in complex legal and zoning issues.Higher Insurance Costs: The nature of the business might require additional insurance coverage, potentially increasing costs for landlords if they are responsible for carrying this insurance.Modifications and Upgrades: Meeting the specific needs of an assisted living facility may require significant property modifications and upgrades, which can be costly.Market Limitations: Should the lease end or the facility close, the specialized modifications made to the property might limit the market for future tenants, potentially requiring substantial investment to revert the property for standard residential use.Operational Oversight: Landlords might need to monitor the facility's operations more closely to ensure compliance with lease terms and local regulations, requiring more hands-on involvement than traditional rentals.