It is vitally important to have good clear communication with your business partners, investors, vendors, property managers, etc...

And to reiterate, building your out-of-state team is going to be vital to your success investing OOS.

It’s a low income neighborhood with lots of development going on with non-profit organizations (Habit for humanity and Metonia) for the income range your looking for.  

SOOO many of you come here with mere opinion, and what they are telling you makes ZERO sense, so many of you are failing misserably at this... and NO ONE questions those opinions and everyone readily accepts them, votes for them and tries them...Then someone comes along with actual proof and logic, intelligence and common sense.. and HE gets the doubt, the skeptism, the resistance, the challenging remarks and the disbelieve.It is truly fascinating to me.People make decisions based on emotion, ego, stubbornness  and habit... not on facts, data, evidence, or intelligence. 

Commercial apartments have become increasingly harder to insure with many carrier freezing that product line and or taking huge rate increases for habitational products.

You want the tenants to be in the habit of receiving a rent increase of some sort on every new lease.

Thanks.No, you must maintain a habitable space for the tenant until they are gone regardless of the cost to you.

It does involve "habitation" though even if you don't own the mobile home itself and that is enough of a reminder for me to stay in my lane:)I have carved out a little niche purchasing timeshares at foreclosure and then renting them out and/or selling them for a profit.  

If so, there may be additional fees for services like dynamic pricing or property management systems, especially if you plan on listing on platforms other than Airbnb.Even if you’re going to clean and manage yourself I would get in the habit of paying yourself a cleaning fee so that if you decide to outsource that you can still cash flow.I know the market can be tough at times to find the “right” deal a “good” deal but with patience you can stay in budget and achieve a higher ROI, COC and ROE.

Hopefully these habits serve you well in business.