The most important thing is to have boots on the ground who can show up to sellers appointments and have people who know the intricacies of the neighborhoods where you are buying so you can gauge ARV's and offer prices effectively.

That turned out to be incorrect, but not necessarily 'overpaying' In my experience, you cannot effectively self administer commercial leases.

Many individuals of power want to voice their opinions and push measures to make things "better" yet they aren't involved enough in the business to understand what happens day to day and how these measures effect the big picture.

The business effectively ran itself and he was making a great ROI.

@Nicky Reader while I am a firm believer in the effectiveness of neti (autocorrect just corrected neti to meth) pots, you need to make sure that the water that is being used is clean.

If condo beware if the condo assessment that may not be a lien yet but they can lien later.I had taken deed in lieu in Florida but my attorneys prepared a settlement agreement and also has inserted a language into the deed that it will not merge into the title held by my Co; said mortgage shall continue in full force and effect until satisfied by my Co.

This is my first investment and i can really use your guys expertise One effective method is to use the MLS and look at units that have leased in that area.

Two of the units are double units, so there are effectively 10 rentals, per the listing.

Once you are stationed elsewhere, it is nice to have an established relationship with a management company that can take care of things while you are deployed and unable to manage your property as effectively.

My question is for AirBNB owners: have you seen an effect on bookings (or upcoming bookings) due to the current virus scare?