You do your best to purchase wisely, execute a pre-meditated and well researched strategy, and let the compounding effect of time take over. 10 years from now, the purchase price being 5% above or below current market value won't matter.

The key is marketing on a wide distribution of channels to get a billboard effect and attract those mid term renters.  

This is particularly effective when paired with bonus depreciation provisions.This method not only helps reduce your tax liability but also enhances cash flow, making it a powerful tool for real estate investors looking to grow their portfolios.3.

I tend to write off physical expenses to the building and do not write off expenses associated with personal effects.

Everyone has the right to protect themselves and a gun may be the most effective method, particularly for smaller, weaker people.

i do know one female investor in beach areas of Orange County that sometimes chooses to add ADU on her flips and does well, but she is not hands off and is selective where she adds the ADUs.  

I have responded to then usually with something to the effect of “please complete the prequalification application and then we can schedule a viewing.”

It’s proven very effective and just makes good common sense.

This doesn’t mean that one can’t SELECTIVELY find “deals” that make sense.  

We also signed a “Notice to Terminate” which states "The property management agreement shall terminate effective May 14,2024.