My buddy learned this the hard way when his mid-term tenant got reassigned with just a week’s notice..

For 10 years, every arriving party in my STR finds 1) a fresh bowl of fruit, 2) a local city magazine and a weekly periodical and 3) 2 bottles of wine (1 white, 1 red, 1st bottle is complimentary, envelope to pay for 2nd bottle).No great expense, but "wows" the guests every time. 

Hey @Tonio Pearce - If you don't have an end destination, you won't know which road to take.If you can create a longer term vision (5-10 year) for your business, you can slowly back in next steps for (1 year, qtrly, weekly). 

Overland Park, KS vs Kansas City, MO) Very landlord friendly, worst case eviction is usually 8 weeks + $500 + lost rent (cannot comment on individual cases and this is not legal advice) Large diverse metro area - variety of jobs, companies, people can have a career in KC.

When I was self managing, I turned over units in days rather than weeks/months and had reasonable contractors. 

@Blake Kirby I just finished the first half of a successful 1031 exchange for BP clients from California...the second fourplex closes early next week.

This will give you a clear idea of what the house might be missing, and or need and gives you time to make those changes/additions before your first group.Another tip: I think it is natural for bigger properties to have more vacancies during the week/slow season.

This week I just released my episode on making offers in Memphis on investment properties.

LA in 2024 had a minimum wage of $19.33 an hour. 52 weeks at 40 hours a week grosses you $3,350 a month.

About a week ago, the borrower came through, and the note is current.