For the next properties I purchased, I first identified a tenant segment with a high concentration of reliable tenants.

My Daughter in Vegas is having a banner year.. concentrating on the high end  1 mil plus  she has 9 years in the business and like I tell all these wanna be wholesalers if you gut it out in the industry and get to were my daughter is ( almost all referrals now) its a great business  Her mom does help her close and keep deals together even to this day.

@Santi AnsoI'm concentrating on Las Terrenas for the time being.

In my property analysis tool, we don't really calculate with mortgage insurance and it's also quite impossible to somehow predict the variable interest rate for the future years.I will concentrate mainly on the residential fixed rate mortgage.

VAMy development background is fairly diverse; however, I concentrated mostly in developing small subdivisions, and building SFRs.

After watching the roller coaster ride of my work 401K, I decided to halt putting any more money in, and concentrate on putting that money towards debt reduction and new properties.

If you concentrate on finding distressed sellers, then you will have the best chance of having an agreement that suits you because the seller has few choices.I have had as many as 225 options in place at one time, never paying more than $1 for option consideration.Good luck.

The areas that have a lot of draw for these sorts of STR uses are more dispersed and not necessarily concentrated around the high dollar ski towns, so you can get stuff at much lower prices that can tolerate a lower occupancy rate without killing your overall cap rate projection.

Apartments are different because the concentration of tenants increases the risks of ownership, there is a difference between someone who trips over a skateboard left on a step by a neighbor kid than by one left by your kid on the front porch.Insurance takes care of most risks, but not all, the risks not covered stem from your management and knowledge, which is the very best defense. 

I can now concentrate in bigger deals but the way I do things remain the same.