Principal protection - buying & renovating in an area that's reasonably certain of at least maintaining the price(s) you spend on purchase/renovation.2.

What will determine your success is the ability to create and maintain relationships.

You can also run into owners who weigh your cash offer much higher than when using a lender.So to me the answer to "Buy" real estate with cash is different than "do you maintain mortgage free properties".Good luck

@Uneeq Khan my first response is that if you cannot trust them with your reserves then you shouldn't be trusting them with rent income, either.If the owner maintains the reserve, how would the PM verify that?

Turn overs are part of business and turn over costs are necessary to maintain the quality of a property.

When you meet with the contractors, have them help you understand what you have, what will be required to maintain what you have, and what you should be budgeting for future capital improvements.

We see a significant increase in bookings and revenue during these times, and we often have to turn away guests due to lack of availability.One key to success in this type of rental is to ensure that your property is well-maintained, clean and equipped with all the necessary amenities.

Then most states have an ongoing cost of maintaining it(every year or every other year).

I have seen several court directives where rent tenancy is maintained, but the rent payments are redirected.

They were far and above the best candidates but are only signed for 1 year as they just moved to my area for school and they want to maintain some flexibility as they are new to the area.