Initial rehab would be between 'moderate' to 'heavy', but not 'severe' and the contractor would also be responsible for all tenant repairs and modest annual property improvements (within a two week turnaround).My current properties are averaging about $1,000/mo in profit, after an $80-90k price tag.

I'm moderate maintenance. 16 shots of expresso?!?!

Think about your alcohol, drug, and gun policies.The strength of the lease doesn't matter.  

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Sure, if a PM specializes in nicer homes with better tenants, then the tenant side could be moderately profitable, and perhaps even very profitable at high enough volume, but there is less of this type of business and all PMs aggressively pursue it.I'd be leery of these real estate agents who do just the tenant work (no overrides on coordinating maintenance) on a part-time basis in low volume.

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I look at the 2nd wave as more opportunities for people like me before things start to settle in 2+ yrs and Vegas economy bounces back :cool: In the old days, when the economy tanked, people used to drown their sorrow in alcohol and gambling.

And Lifestyles has weekly things that include free alcohol.

But that boost is behind us, and the return to trend in leisure and hospitality suggests the economy as a whole will see more moderate hiring and wage growth in 2024.”

We brought on another partner who was instrumental in working with the seller regarding the seller financing portion of this deal. 2 units are vacant that need some moderate tlc that should be able to be tackled in a weeks time.