These methods involve securing financing, identifying suitable properties, and overseeing renovations.

As long as you're willing to make sure you have good, quality properties, Section 8 can be a good way to go!

Maybe we got lucky in that department, or maybe it was just a quality built property.Happy New Year and best of luck in 2025. 

Here's some basic copy & paste info that may help you make better investing decisions:----------------------------------------------------------------------------------------------------------------Recommend you first figure out the property Class you want to invest in, THEN figure out the corresponding location to invest in.Property Class will typically dictate the Class of tenant you get, which greatly IMPACTS rental income stability and property maintenance/damage by tenants.If you apply Class A assumptions to a Class B or C purchase, your expectations won’t be met and it may be a financial disaster.If you buy/renovate a property in Class D area to Class A standards, what quality of tenant will you get?

This depends on if you are using the Cash or Accrual method of accounting for tax purposes.

While I do believe that some of the posters on BP are able to do a quality job self managing their portfolio of STR properties, they are spending a lot more time doing it than they’d like to admit.10 years ago in many markets STR provided outsized returns.  

Sure, I could look for a higher paying job, but I was wondering if anyone has any creative short-term methods to improve my ratio.

I’m sourcing carefully and trying to approach it methodically, especially with the added layer of investing out of state.It’s good to hear advice from someone with experience.

I tell people all the time: if you can't find a quality PM in a market, don't invest in that market!

A warranty can bring peace of mind, especially if the tenant values quality and reliability.Here’s our rule of thumb:For budget-friendly rehabs: Used appliances from a reputable source can be a smart choice.