Scarcity is built into the whole system.

Rent control laws in LA are a little scary to me.

The investors that i work with find this to be a good way to get a more passive investment that still has the benefits of owning and controlling the property.Best of luck getting started and connect with any questions.

I guess I was lucky this was the first place I found and didn't waste money on other systems.

Typical renovations include:Cosmetic Updates: Painting, flooring, kitchen and bathroom upgrades, and landscaping.Structural Repairs: Fixing any underlying issues such as foundation repairs, plumbing, or electrical updates.Efficiency Improvements: Adding energy-efficient windows, new HVAC systems, and better insulation to increase the property's overall value.The goal of the rehab phase is to increase the property’s market value while making it an attractive place for tenants.

You're going to have to go learn about that yourself.The faster you get rid of this bozo the better off the whole system will be.

The US Tax systems, when compared to the EU, seems to be setup for capitalists. 1031 exchanges, write-offs, etc.

You’ve got a good system going, to find and get funding for these acquisitions.  

And I’m wondering why more ppl don’t convert to this type of system.

I've heard horror stories that it's usually impossible due to the "burden placed on the municipality" but could really never understand what that burden was... most people living in those units wouldn't be using the school systems so aside from maybe an increased volume in emergency medical situations I can not understand that statement?