We are getting in to this property for about $3k out of pocket, which allows us to keep our reserves healthy for any unexpected expenses.

Maybe a bit outside of the box (and possibly a terrible idea), but if you net a healthy monthly profit, if the neighbors have at least been amicable, just not really responsive, maybe you could throw them $50 every month that you don't get a noise complaint? 

Unless she already has a place to go next and it is rented, i'm guessing that when the next prospective landlord calls you for a referral it won't be glowing. 

Already planning to get my 2nd in Augustno offense but on BP  one post that is glowing like this is the kiss of death for the turn key company.. 

We have financed a large number of cabins in Hochatown over the past few years, and no, the market is not tapped out.However, we are definitely in the middle of a transition to a more mature market. 30-40% price increases over the past couple of years was obviously not sustainable, nor healthy in the long run. 

We are very excited as we plan to plan to make major multifamily purchases end of this year or 2021 as we believe there will be a price reset.Most importantly everyone stay safe and healthy.

@Stephen WattFrom what I've learned, the easiest way to prepare yourself is by not having to worry about it in the first place - AKA minimize your risk and buy smart.Secondly and equally imperatively (especially when it's hard to do the first one,) you basically said it, have healthy reserves - and those reserves can't just be two weeks of operating costs with a smidge of vacancy thrown in.

Here in Chicago, we are trying to find a healthy balance of all 3 but prioritize them in this order Quality, Cost, and then time...we've found if we leave our clients with a Quality product they will be happy in the longer term.

The economy is diverse and healthy.

This is a bit facetious, but I like to consider the Twin Cities an ultra-long-term investment in that it's a healthy, active population with a terrific quality of life that will be a very attractive relocation target to potential climate change refugees relocating from the coasts and the south in 50-100 years.