Most fields to become world class at something take 5 to 10 years of consistent work and improvement on a daily basis.Today about 21 years in with commercial real estate I have tons of business and also properties I can purchase.

Since you and your wife have renovation skills, targeting properties that need minor improvements can maximize your return on investment while minimizing the time and cost associated with major renovations.

Success often comes from picking properties with strong chances for rent income or those that can be improved in value.

How much have you over-improved the property?

. $38.25 - Hamilton Beach Sure-Crisp Air Fryer Toaster Oven - https://www.kohls.com/product/prd-5517879/hamilton-beach-sur...Add the codes SHOP15 and YOUR10 to get the listed price.

Moving to a portfolio model—where a pod (1 PM + 2 VAs) manages all aspects of 200+ units—streamlined operations and improved accountability.

Unfortunately many of the improvement costs do not deviate greatly when you’re renovating a lower cost property  in a particular market compared to a more expensive property  in the very same market which makes it difficult to absorb the improvement costs in some areas.

The short answer is I look for 9% min and try to press it to 11% with those strategies along with rental increases once improvements are made and the tenants know you actually care about the property.

They're not connected to the electricity grid and don't have air conditioning or amenities.

😂Plenty of lovely folks there, plus it's where Cannon Air Force Base is located, but we soon discovered that just having a base nearby didn't necessarily make for a lively real estate market.Shortly after that, we adopted our MUCHAS criteria:M - Near a military baseU - Has at least one college or universityC - Has a Costco or equivalentH - Has a hospital ranked at least as a Level II Trauma CenterA - Has a commercial airportS - Has a Sprouts (organic grocery) or equivalentThis has led us to look at often-overlooked markets like Lubbock, Texas and Augusta, Georgia.May be worth a look for you as well!