Here's why this happens:The ARR is simply the average of the annual returns, without considering the actual capital invested or how much money is lost or gained over time.

that is always the first questions- if they have more time than money, then a rehab project... if they have more money than time... then I would recommend a turnkey property and get them 2 nice properties out of state. 

You'll need a reliable network of local professionals (plumbers, electricians, handymen) you can trust.Hiring a Property Manager:Peace of Mind: They handle day-to-day operations, tenant communications, and legal compliance.Local Expertise: They understand the local market trends and rental laws in Colorado Springs.Cost: While there’s a fee, many find it worth the reduction in stress and time commitment.Lessons Learned from ExperienceBuild a Strong Local Team: Even if you manage the property yourself, having a dependable local handyman and a real estate attorney can save you headaches.Leverage Technology: Utilize property management software for rent collection, maintenance requests, and tenant screening.

I binged the podcasts before purchasing our first property in 2019.

Sometimes I wonder how long the resin binders in OSB will last over time compared to plywood.

They've been fabulous from the very beginning, responsive, polite, paid their first month's rent and deposit early, etc.

I am having a hard time finding insurance underwriting for the three-family that I am purchasing:https://www.redfin.com/PA/Pittsburgh/7209-Penn-Ave-15208/hom...The only policy I could get a binder on was from Tapco in North Carolina with a $10K deductible for $5500.  

It's very difficult to do that anymore today.Some people will call BS but I've found 9 times out of 10 those folks are doing their numbers wrong.

Sounds like you have een interested for a long time.

This was an opportune time to start our REI venture.