Joshua tree Yucca Valley Morongo valley etc. issue with high desert is prices are more volatile.

BTW: don't feel too bad, as many owners do a poor job of screening PMCs before hiring one - except of course, focusing on the lowest price:)COMMENT: If PMCs screened tenants the same way most owners screen PMCs...Regarding whether or not to pursue tenants for collections:1) I'd be less worried about this if an eviction is a matter of record, so other landlords hold them accountable.

Purchase price: $36,000 Cash invested: $50,000 Sale price: $275,000 Bought a house, fully intending on living there.

Realtors don't typically like to do rentals under the $2k price point due to how little money they will actually make on the sale.

Purchase price: $726,000 Cash invested: $1,300,000 Sale price: $4,500,000 We are developing a 4 story a luxury Duplex.Property is primed for short term rentals with conservative estimates of ($40,000-$50,000) per month.

They told us the price of the renovations would be included in the purchase of the home and we were nieve enoough to believe them. 

It has been good for us / our investors—very affordable and good price-to-rent ratios.

Purchase price: $130,000 Cash invested: $28,000 Purchased this one via 1031 exchange out of a SFH.

Selling price minus selling costs.).

Owners mistakenly ASSUME all PMCs offer the exact SAME SERVICES and PERFORM those services EXACTLY THE SAME WAY, so price is the only differentiator – so, they often select the first PMC they call or that calls them back!