Operating Expenses (30-35% of Income)Rule of Thumb: Allocate 30-35% of your rental income to cover operating expenses such as property management fees, maintenance, repairs, utilities, and insurance.Why: Properly budgeting for these expenses will keep your properties well-maintained and avoid unexpected financial strain.3.

The real test comes when the unexpected happens: market shifts, economic downturns, or unforeseen challenges.

For newly constructed, purchased or renovated properties and also retroactive generally over the last 10 years, building components are properly classified into individual units of property and accurate recovery periods for computing depreciation deductions.

Some deals may look good on paper but can quickly turn into a nightmare if you don't account for unexpected things.

It reduces risk by having them know the laws which are extensive (down to needing a compliant monthly statement) etc.The other component is no chance I could do it for that price either.

On the other hand, if anything unexpected happens, you want someone who is going to watch out for your investment. 

One of them carefully looks through and tinkers with every component.

I also included a SWOT analysis for MTR in Las Vegas.Profitability Depends On…Mid-term rental profitability depends on four factors:Keeping the property filledThe ability to charge significantly more for furnished housingActive support of tenants, so we get good reviews.The right renovation components to keep maintenance and turn cost low.Success FactorsI believe the following are key success factors:Location - Not just near hospitals, MTRs must be in a safe and attractivelocation, with direct access to freeways, retail, and entertainment.Appearance - The property must be attractive, clean, and a good placeto live.

You mentioned about appreciation being the main component of returns.

Continue acquiring properties in promising markets to build your portfolio while keeping an eye on interest rates to potentially refinance your high-interest loan for better cash flow.Save capital to maintain liquidity, allowing you to act quickly when market conditions improve or unexpected expenses arise.