we ran into this in FLA  a few years back when I had 4 starts and I exited that market.. permits  sub base all pretty tough for someone who is not there and already knows the systems hands down and has a devoted loyal sub base.. thats the key in my mind.

Our company Nationwide Mortgage Licensing System & Registry (NMLS) ID number is 1553947.

Property Management takes a nice cut out of your margin, unless you have the systems built to do it in-house. 

Not having them can create issues when selling later.Over-improving for the Neighborhood – Be mindful of your area’s home values so you don’t invest more than you can recoup.Ignoring Structural & Mechanical Issues – While cosmetic updates are fun, addressing foundation, plumbing, electrical, and HVAC systems first will save headaches down the road.For the best return on investment, focus on:Kitchen & Bathrooms – These are the biggest value-adds for a home.

If your debt to income ratio is good, you can control a $700-800k asset with $50k.

., leaving it primarily to the platform's messaging system or texts has worked out so far, reserving direct phone contact for requests or emergencies (which saves time).

The right team should have every system in place for you to be able to go from novice investor to experienced investor after one deal.  

Tons of returns set this system off: errors, no income lots of expenses, disproportionate expenses, etc.When all that is done, IRS has a budget for how many returns they will put in the audit queue.

It’s not just awkward—it can jeopardize trust, relationships, and, ultimately, the deal itself.Here’s how we ensure success:1️⃣ Weekly Syncs: Regular team check-ins to align on progress and updates.2️⃣ Shared Systems: Use tools like Slack or Asana for real-time collaboration.3️⃣ Transparency is Key: If you don’t know, say so.

This works well if it's an MTR or STR type situation and you are in control of the lock.