Unless you want to live in that district, I would avoid any and all purchases in an area like that.

Try to avoid scheduling inspections for the last 10 days of the month as you will need time to fix the defects and get another inspection.

If there are items of value left behind, or even personal items of sentimental value, I will follow the abandonment rules to a "T" to avoid any legal issues.

You may say we should have sold before 3 years to avoid capital gains, but we did not.

I have to imagine it's a bit more negotiating than just purchasing something with cash, since it's essentially bartering @Rene Hosman YEARS and that's if they actually got approved because it had to be so completely vetted to avoid lawsuits after approval. 5-10 years but the stance of that municipality was anti-change, anti-development, NIMBY on steroids, etc.

To avoid going through the same poor experience, keep reading.Even if someone gives you a referral here, do NOT make the mistake of assuming that the PMC will meet your expectations, just because they met the expectations of the referral source.In our experience, the #1 mistake owners make when selecting a Property Management Company (PMC) is ASSUMING instead of CONFIRMING.It's often a case of not doing enough research, as they don't know what they don't know!

One of the constants that I still see from when I first started on BP in early 2016 is the willingness of experienced ( some on this very thread ) folks in different aspects of real estate to try and help newbies and others with advice and perspective.I think it really is a testament to the fact that even though the investing environment has undergone many changes over those years the willingness to continue to help others has not changed.It helped me tremendously when I had to crash course on small MF ownership and I am grateful to all who helped with posts that they didn't even know that I had read and learned from.And yes the search function remains fairly useless and unchanged in that regard since then to the detriment of us all.

Whether you're setting up your first property or looking to optimize your current listing, this resource is designed to save you time and help you avoid common pitfalls.If you're a new host or just curious about how to set up a profitable Airbnb listing, drop your questions here!

A community isn't a gimmick, it's an opportunity for the right people to level up quicker than they would on their own and avoid the mistakes others in the community had to learn the hard way.

Tried QuickBooks and didn't like the Customer/Vendor aspect for properties and tenants.