At same time there operations costs are also expanding due to wage inflation naturally fallowing the "everything inflation" so yeah....

Most building codes by nature will not approve a home that small, most have minimum square foot requirements.

You are going to have to send anywhere between 3000 to 5000 mailers to start to see a better probability to get a deal.That is simply the nature of the beast.Now as a reference.

It sounds like most of your issues were insurance-related, which indicates this is a risky market based on natural disasters or something.

., it's always difficult to answer questions of such general nature.

The only management cost I have is my own time, which outside of natural disasters is 1-2 hours/week at best.

Others meet at events, RE meetups, or even through social media—whatever feels most natural.3️⃣ Vetting: Vetting is crucial.

When you finish setting up your business profile and have your forums signature set up, you can focus on answering user questions, which will naturally lead to connections and business. 

And absolutely use an architect on any project that is large in nature. 1) Asking for references is the typical way of vetting a Contractor, but think about it...is a Contr. ever going to give you a bad reference?

Asset management, though closely related to real estate, is typically considered more strategic and financial in nature rather than direct involvement in day-to-day property operations.