"for $___/year, we provide "x" additional inspections")6) Liability policy that covers tenant intentional damage, criminal acts, and unpaid rent when skipped or evicted (through insurance provider that provides this kind of coverage)7) Financial reports per quarter (as whatever period makes sense to you) (this can allow you to advise the owner on the health of their portfolio)8) End-of-year review of the property to show conditions and suggested needed and preventative maintenance items 9) Preferred vendor discounts (requires a contract with a vendor to give better pricing)10) Eviction protection programs (this is usually done "in house" when you have sufficient number of units under your management to be able to offer this kind of program)11) Legal services (requires agreement with landlord attorney to provide those services at set fees)12) Professional photos option (for enhanced listing)13) Professional, licensed home inspection (this is more relevant for older homes to ensure safety and habitability are addressed) 14) HVAC filter replacement program (this can also be a program offered to tenants)15) Pet and ESA screening through pet screening vendor (helps to streamline and increase quality of screening)16) Client portal account for ease of communication, updates, reports, etc.

I am willing to invest in renovating the place to reach profitability.What I am looking for: - Decent margin of safety as opposed to highest yield possible.- Low operational cost- Good seasonality markets- Should be easier to operationalize service via property managers remotely.What are some of the strategies that have worked?

I would like to prioritize cashflow but I also want to avoid buying something JUST for the cashflow with no appreciation potential at all.

What I see is there are many people from abroad who just want to park money here vs their home country due to inflation or some other reason who are willing to take minimal returns in exchange for principal safety. 

I would aim for a comfortable safety budget before starting!

I would prioritize the day-to-day details of your life that will be affected by this decision - for example, regardless of what market you decide to get involved in, you will likely end up traveling there more often than other cities.

\/O\/ I like the "clear evidence of gentrification" area you mention.Yes, it is a slow process and good things take time but stick to that pocket IMO.Buy cheap with a margin of safety, work the market since you are local and you will have a much higher rate of success than a DIY out of state investors.Just my opinion and wishing you much success

-Safety and crime rates.

I was concerned with the safety of the neighborhood, not with what my potential neighbors looked like.

He said, unfortunately he had no more spots available as they were recently taken up the week prior. It