Purchase price: $200,000 Cash invested: $40,000 First investment property - higher end rental in my market.

Whether you're an experienced investor or just starting, having a reliable and efficient property manager can make all the difference in the success of your rental properties.Here are a few key traits I've found important, but I'd love to hear your insights and experiences:- Communication Skills- Organizational Abilities- Knowledge of the Local Market.- Problem-Solving Skills- Proactive Maintenance- Financial ManagementWhat other qualities do you think are essential for a property manager?

Although I had a background in sales, speaking with distressed sellers was a completely different experience—one that requires a lot of patience and empathy.

Interestingly enough, I just looked at the sellers insurance policy and it's actually for *2* units, not 3.  

I am in University and have my Real Estate License and am planning to work part-time as an Agent once I pass my exam to make connections and to keep learning about my San Jose/Santa Clara Market (plus hopefully increase my income).I am saving all I make at my current job and am trying to understand at what point I can start looking to buy my first Property. 

This seems like an impossible task in the Denver market at the moment, but I am looking forward to not living in an AirBnb soon!

Hitting that 1.20 ratio would be tough in a lot of markets though....too many unknowns to guarantee anything, but it might be worth checking into futher if you can get the stars to align. 

During our monthly market study, Marion Oaks (Ocala) consistently stands out as the area with the highest demand for new construction housing.Below are some of the markets we analyze, along with their average months of housing supply: - Palm Bay: 3.4 months - North Port: 4 months - Port Charlotte: 5.4 months - Marion Oaks: 2.2 months - Silver Springs: 2.8 monthsStudy Criteria: Single-Family Homes Built in 2022 or later, 1400-2400 sqft.

Then use that report as a guide to what else really needs fixing.Also, use this guide to prioritize repairs:1) Health & Safety issues2) Property Preservation3) Goverment Required (S8 and city inspections)4) Marketing negative impact5) MiscellaneousAlso, keep in mind YOU are NOT living in the home!

In our market p,umbers are crazy expensive but clearings are quite reasonable.