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 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.7) That OOS property Class rankings are often different than the Class ranking of the local market they live.8) Class A is relatively easy to manage, can even be DIY remote managed from another state.

Sometimes I get crazy and do it myself, but it makes it difficult to grow an empire if you are trying to DIY every rental. 

@Aaron K. It

They always have classes on diffferent DIY projects and if they don't have one on what you want, just ask.

Welcome to BP community Shalu K.  It

Your time is not accounted for, which is a common mistake with DIY short-term rental owners.

Also I would like to know if I will need a contractor to install LVT here in Northern New Jersey or is it just a simple DIY project?

She said she'd ordered a test kit to see if it was black mold or not.

If you plan to go big scale, then you will eventually outsource your bookkeeping and accounting to someone so you can focus on more deals.If you or @Eva Croasdale are interested in a DIY route, Keith Gormezano (a.k.a.

I will say, it could be worth considering a shot at an actual software solution built for DIY landlords (1 - 15 units) that helps you to automate your own rental process (ie. compared to other tools, one that helps you to actually build a single listing and syndicates it to 10+ major listing sites, allows you to schedule showings, provides you with super thorough tenant screening options, online digital leases which can be customized and help you by breaking out those fees, automated maintenance tracking, and fast rent collection which also offers your tenants the ability to report their positive on-time payments to the major credit bureaus; just another positive reinforcement/added incentive to get them to make those payments on time).