If you screen your tenants properly, buy the right property and have the right team in place you can be successful.

Trust is my weakness with Lenders and Agents because in every Podcast I listen to about what went wrong in a deal, it stems from not having coordinated the right team.

There are some towns in the area that could pencil, but Whitefish proper just doesn't math.There is just too much demand from rich people looking for a 2nd home to see any cash flow at all.

My favorite link for the proper order of investments is https://mymoneywizard.com/correct-order-investments/.Jump in.

@Glen Michael we charge an onboarding fee to owners, which they ALWAYS complain about, but they don't want to undertand why it's so important.We use the funds to check:1) Ownership: we verify property is actually properly deeded to their name, LLC, etc. - We've found issues where owners was NOT on the deed and was scammed- We've also had to patiently explain to owners that since an LLC owned the property, that the management contract had to be in the LLC name and we needed proof they could sign for the LLC.2) Property Taxes: we make sure we know the status, to avoid tax foreclosure issues.- Took over several properties for an out-of-country owner last year that we're in the midst of tax foreclosure.

Usually, we have the contractor coordinate entry directly with the tenants. 

It wasn’t until he consulted with a tax advisor specializing in Section 1031 exchanges that he was able to properly navigate the process and save thousands.

Showing occupied properties can be hard to coordinate and should only be for serious buyers. 

:Class A Properties:Cashflow vs Appreciation: Typically, 3-5 years for positive cashflow, but you get highest relative rent & value appreciation.Vacancy Est: Historically 10%, 5% the more recent norm.Tenant Pool: Majority will have FICO scores of 680+ (roughly 5% probability of default), zero evictions in last 7 years.Class B Properties:Cashflow vs Appreciation: Typically, decent amount of relative rent & value appreciation.Vacancy Est: Historically 10%, 5% should be applied only if proper research done to support.Tenant Pool: Majority will have FICO scores of 620-680 (around 10% probability of default), some blemishes, but should have no evictions in last 5 yearsClass C Properties:Cashflow vs Appreciation: Typically, high cashflow and at the lower end of relative rent & value appreciation.

100%,, I do not collect rent, I simply coordinate maintenance and flip props.--- Why does your story change every time you speak?