Looking to scale up from single family rentals.Alaska – Why We Love It• Top quintile for GDP growth in 2022; 4th largest cargo airport worldwide• Anchorage ranked #23 best city to live in USA in 2022• Alaska's economy is driven by a range of industries, including oil and gas, healthcare, fishing, and govt• Largest US commercial fishing industry; larger than top 10 combined• 25,000 active troops stationed in 9 military bases• 20% of the land mass of the Lower 48; 2x larger than TXHow did you find this deal and how did you negotiate it?

I would rank these like this but being able to move either way just a tad- from C+ to B- and vice versa Murray Hill (B) ---the closer you get to i-10 the more it is a C Avondale (A)Riverside (A)San Marco (A)Southbank---mainly commercial buildingsSt.

So even elements that don’t appear damaged can be contaminated.

1)Researched crime data, median household incomes, population growth, school rankings, etc. 2)Inspection of both units/verified the age of HVAC systems3)Appraisal 4)Obtained a signed copy of the current lease for the tenant that I’m inheriting 5)Obtained a copy of the cleared rent check, verifying the amount they’re paying6)Received an estoppel signed by the tenant and landlord, detailing the terms of the lease/rent amount7)Received State of Connecticut, Dept. of Consumer Protection Residential Property Condition Disclosure Report8)Verified property tax with the town9)Checked civil court/housing court records for any cases involving the current landlords/tenants and checked for any cases linked to the property address itself10)Obtained the water bill for better estimates of utility payments 11)Purchased insurance (HO-5) and added $1M liability coverage12)Had contractors come to the property to give renovation/repair estimates13)Researched current comparable rents in the area and received rental comps from the realtor14)Sat down and spoke with the current tenant to find out her plans going forward and learn about any complaints that she has about the property/current landlord 15)Addendum to P&S that seller cannot have the current tenant sign a new lease prior to closing; must remain month-to-month 16)Sat down and spoke to my former landlords (who I really respect and enjoyed renting from) and colleagues who are landlords to hear about their experiences 17)Went through all the forms that came with the Book on Managing Rental Properties and made them specific to my property and Connecticut (notice to vacate, rent increase, application, move-in checklist, late rent notice, employment verification, etc.)18)Met with a lawyer and had him review my lease, application and other forms19)Met with an accountant to discuss tax strategy 20)Created a profit/loss statement and spreadsheet for tracking expenses 21)Went to the local police department and received an in-house CAD report of all calls (emergency and routine) for the street and the specific address22)Met with the tenant’s Housing Choice Voucher caseworker 23)Received a copy of the “passed” HCV annual inspection 24)Submitted all paperwork to the Housing Authority 25)Scheduled contractors to begin work the day after closing26)Contacted the utility companies to transfer service into my name27)Set up a separate checking account for property income/expenses28)Set up a separate savings account for the security deposit 

The Houston Metropolitan Statistical Area (MSA) has consistently ranked among the top MSAs in the country for population growth over the past 10 years, and this trend is expected to continue.

A condominium is a form of ownership wherein an owner has fee simple title to everything inside the walls and roof of the unit and everything else is a limited common element or a common element with each unit owner having and undivided proportional interest in them.When a condo is being formed the land being submitted to the condo form of ownership is is described in the Declaration of Condo. 

Many OOS investors set themselves up for failure because they don't truly take the time to understand:1) The Class of the NEIGHBORHOOD they are buying in - which is relative to the overall area.2) The Class of the PROPERTY they are buying - which is relative to the overall area.3) The Class of the TENANT POOL the Neighborhood & Property will attract - which is relative to the overall area.4) The Class of the CONTRACTORS that will work on their Property, given the Neighborhood location - which is relative to the overall area.5) The Class of the PROPERTY MANAGEMENT COMPANIES (PMC) that will manage their Property, given the Neighborhood location and the Tenants it will attract - which is relative to the overall area.6) That OOS property Class rankings are usually vastly different than the local market they live in.7) That a Class X NEIGHBORHOOD will have mostly Class X PROPERTIES, which will only attract Class X TENANTS, CONTRACTORS AND PMCs and deliver Class X RESULTS.8) Class A is relatively easy to manage, can even be DIY remote managed from another state.9) Class B usually also okay, but needs more attention from owner and/or PMC10) Class C can be relatively successful with a great PMC (do NOT hire the cheapest!)

Although investing in new construction can be profitable, it's important to understand the margin-affecting elements.

This blog post has been pasted word for word (along with two others normally) from a high ranking investor site in California that posted this in 2014, yet some guru has hundreds of investors putting it on their sites. 

Have you run into any particular elements that are more difficult to grasp than others?