I always push first time buyer clients to do basic updates/raise rents to create some equity, if they can BRRR the deal out in a year great and if not they still have an excellent safe first rental.

Lol I have to credit the excellent help of a cohost

An on-market property can be in terrible condition and an off-market property can be in excellent condition, or vice versa.

I believe these properties would be excellent for disability/senior housing to rent by the room.

We have been finding excellent values in the hotel space.

Fortunately, my husband keeps excellent records on each property and I am quite sure the agent was impressed when she saw what was couriered over to her the next day.I wish now that I had kept all the e-mails I had regarding tenant and property issues.

:) Actually I thought it was an excellent idea and will only benefit flippers who do a quality job!

(and, I'm glad I didn't wait to pay off my student loans, because it allowed me to get into RE investing at an excellent time, when rates were low, prices weren't astronomical, and properties still cashflowed easily)...In my opinion, house hacking is arguably THE best way for beginning RE investors to get started--it has MANY advantages over other RE investment strategies, and you'll get to learn all of the essential lessons of RE investing and property management that are critical to success in RE investing...house hack a property every 12 months using an owner-occupant mortgage, and in a few years, you can have a solid portfolio...Good luck out there!

To maximize the number of transactions you’re involved in you will need to:Be Top of Mind when they think about moving - which requires consistent reminders.Be seen as an Expert – which requires a consistent message and Evidence of Success storiesGain their Trust – which requires communicating integritySo, start out by listing everyone you know in an Excel spreadsheet.

CCIM would be useful for commercial PM and actually is excellent for working the numbers, although more sophisticated than the average investor Client makes use of.Also, you should be very familiar with the fundamentals of plumbing, electrical, and construction methods and processes, and the aging process of the various elements of typical homes in your locale.