Noted and strategy adjusted. 

Lastly, being able to create favorable risk-adjusted debt is one of many benefits of a diversified fund.  

For example, for safety reasons you set the water heater temperature at 115* and don't allow tenants to adjust it.

Househacking is my step into the door. multi families seem more scarce here and are in unfavorable areas. i have been adjusting my strategies & know i can also start with a single family. i have a couple questions.what are desirable areas in SA that if buying a single family home would be a great start for househacking.

How did you adjust or do. a full reset?

The question would be: do we chase what people’s already doing (invest in hot areas with upcoming intense competition) or going into area that has high potential and lead the cause? 

(this is why a run down property in a tough neighborhood will have a higher cap rate) Generally a higher cap rate will come with more risk, more work that needs to be done to the property, more intensive management, or a combination of all three. 

Real estate taxes will be based on the actuals, possibly adjusted if your area reassess upon sale.

@Bjorn Ahlblad So in the end the basic fundamentals are the same and tweaking the details are what you'd need to work on to adjust.

Best case, everyone files a property damage claim and allows their various carriers/adjusters to decide who pays what, and how much.