Always INDEPENDENTLY check:zoningcode compliance building classification local rules re Airbnb etc and whether you can assume those statusestitleinspection of building conditions environmental conditions schoolseverything else — this is not a complete list.Never trust/assume.

All units and appliances are in great condition.

Also, have contingencies for shifting market conditions or construction delays.

Tenants were very stable, and the rents were good (about $2,000 per side / 4K total).Bought for $140K and put in about $40K over time to renovate to its current current condition.

It is in good condition, nicely decorated, top notch bedding and well appointed kitchen with a large lanai and no pool. 

In both cases after they moved out I had to spend a lot to bring the property back to its previous condition. 

Purchase price: $123,000 Cash invested: $15,000This was a 4-plex in C+ condition in what was then a small college town.

This could be due to a variety of factors, including market conditions and changes in demand.

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!

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!