We did a mixture of what Steve and Ed discribed and grew our portfolio in a rising market and saved on capital gains by doing 1031 exchanges.

(bought property at auction)1) place insurance on the property before you do anything, make sure they will cover you for a legal defense should anything arise, i like safeco,foremost, through Farmers Insurance, 2) call the Evictors, they are based in Oakland Ed Nagy- is the attorney and has been doing just evictions for passed 30 years.3) do not attempt to change locks- this was my mistakeIn California, they are very strict about the proper procedure to remove people and property from a residence.

What would help the community too is for some to be a little more professional and drop the highschool kid attitudes and personal jabs when arising out of any disagreement with another poster or from having been corrected.

Not the best returns nationwide but cheaper than SoCal and its a Saturday morning drive away if the need arises for you to be there physically. 

When the CARES Act came out, we were very straight forward with all of our tenants about this and were stern on the fact that rent still needed to be paid in full regardless, but if there were COVID-19 related issues, then we'll tackle those if they arise.

they are the middle man and it takes away a lot of the issues that arise when a tenant tries to take advantage of you and they will in one way or another (late pay, frivolous repairs, ect.)2nd Price it right, dont over price it, it will sit too long, tenant will not stay long term. 

Age of the buildingCompetitive new supply - Quality Inn tends to be on the lower end of the market so you'll probably benefit from a rising tide, but older properties are severely impacted by new economy scale or midscale supply enters the marketNOI margin should be >30% - if it's not, your RevPAR is too low or operations are unnecessarily fatIt may be of benefit to align with a third-party operator that has some "skin-in-the-game," where you step into a joint venture limited partner role with major decision rightsThis is a very high-level list that doesn't account for location, seasonality, and other factors that may have a material impact on performance.

This is particularly evident in the Austin city limits, where housing demand is strongest.”Here are basic stats on single-family home sales for August 2018 for the City of Austin and the greater Austin area:As you probably know, we're now in a rising interest rate environment:However, this is unlikely to affect the Austin area market in the near term according to Mark Sprague, Independence Title's State Director of Information Capital: "So far, 2018 has shown the highest number of sales ever for the Greater Austin area and we’re on track to set another annual home sales record this year.

It’s called unjustified optimism due to the lure of a rising market that will net out a positive result.

This is enough to defend my structure should the need arise.