I would say to expect a floor rate of 6-6.50%

Better tenants expect better and treat the property so.

If you expect to get every penny out of every deal you are going to be disappointed.

I expect that means it needs to be 15 years or more.

Simple Truths.But you can make a ton of money, if you do it correctly.Why doesn't McDonalds sell T-bone steaks?

@Stacey OlsonRecommend exploring as many sources as possible to get referrals AND cross-reference them to get as much accurate information as possible.Check out NARPM.com, BP’s Property Manager Finder (BiggerPockets: The Real Estate Investing Social Network), etc.Also, encourage you to learn from the mistakes of others - by reading posts here on BiggerPockets about owners not having their expectations met by their current Property Management Company.

I focused on high-impact renovations that aligned with the expectations of Hamptons buyers.

I noticed some T accounting shows matching liabilities, so I'm a little confused as to whom the actual lender would be in that instance.

Let me know if you need any tips on working with contractors or setting expectations.

I informed them that their contract states they are expected to pay up until the end of the agreement regardless of living their or not.