If you decide to operate one outside of their desired areas, they will come after you with hefty fines.

Even if it's cleaning rooms, get a feel for the operations.

Learn about the Net Operating Income (NOI) and Capitalization Rate (Cap Rate)—these are essential to analyzing the potential profitability of a property.Return on Investment (ROI): There are different ways to calculate ROI in real estate, such as looking at your total return after a sale or assessing your rental income versus initial investment.

It depends on where you want to position yourself in the market and what makes sense from a business perspective in relation to your overhead / operational costs.

You then take the cash-out and buy 1-3 more properties and get them operational.

Operated as an executive high-end rental for 2 years and cash flowed nicely while rented.

Greystar Real Estate Partners, one of the defendants, released a public statement claiming they operate with “utmost integrity” and will vigorously fight the allegations.

Hello @Yvonne Wang,The scope of work should include the following:- Basic info: Property address, client name, contractor's contact info, address, license#'s, signed general/operating agreement b/w contractor and client- Specification of repairs: Repair item, Quantity of items needed, total & per unit cost of items, taxes (if applicable), Completion hours, title of the person responsible for the repair item, written summary describing the work- Add'l info: Schedule of repairs, additional payment schedule details i.e. disbursement schedule, method of disbursement, deposits, holdback amounts, etc.The screenshot below highlights a couple of repair items.

I think some min level of regulation benefits everyone, including wholesalers who currently operate in no man's land. 

I started operating the property in mid-2023.