I own all of the buildings except two (a 6- unit building and a 2-flat). 

To say USA problems are smaller then everywhere else, simply declares ones exceptionally limited scope of worldly travel, knowledge and experience. 

Rents pretty much always go up here, with the exception of the last to years where they've been flat and even softening in some cases.

In addition they are slow to report minor leaks or at all as it doesn't typically impact them financially.Landlord paid utilities with multifamily can be a real cash flow killer if not handled efficiently.So most larger buildings I come across that are vintage almost everything is separated out except for the water.

I got un-renewed by my old ins and rejected by almost all ins companies (except for some crazy ones quoting me 10k/year) on my primary house, which is far from any fire zone but I had 2 claims on my 2 rentals (I am a small player so under my name not LLC) in the past 3 years so I got fked. 

Be also mentally and emotionally prepared for the folks that think just because this is not your primary home, it's somehow less of a catastrophic event for you because others did lose their primary homes.That's why it's vital for you to form support networks with people who are in your same boat - ideally in the same community.This truly pains me to share - but most of the disasters I'm seeing across Western NC are going to be considered flood events and if you do not have a separate flood policy you will likely get no coverage.

And the key here being that I don’t know how and wouldn’t be able to do it myself, so whatever it costs is what I have to pay 😂 like any field, you have to pay an expert to do it right, AC installation in Texas definitely not an exception to that rule.

You also can't have any W-2 employees, with the exception of you and your spouse, and maybe business partners that have at least 5% ownership. 

There is no redemption right for the previous owner (or heir) in PA except for Philadelphia county. 

Networking also plays a vital role; connecting with other investors, real estate agents, and industry experts can provide valuable insights and open doors to new opportunities.