A free property is great... but if you find a deal good enough to BRRR (which can prove challenging) take that profit and invest it into a revenue generating activity.

I have found a profitable niche between 8-50 units where larger investors do not focus and there is great upside that is addressable with the property management business capabilities.

hey @Matthew Toporowski, at the least I would check their financials/tax returns to see how profitable they are (which translates into how easy it will be to pay your rent).

And therefore competition among tenants can create significant challenges, like...Businesses may struggle to establish a unique presence and loyal customer base, and a lack of profitability due to nearby competition will likely lead to higher tenant turnover.

This made the overall appearance of the property much better and allowed us to re-sell for a profit.

I charge 150 cleaning fee so this doesn't take away from my profits.

These carriers are not profitable in CA and CA laws and regulations do not make it easy to mitigate these financial struggles. 

Whether it’s problem-solving on the fly, handling difficult conversations, or simply staying calm in the chaos, these experiences are shaping me into a better landlord—and, hopefully, a better person.Real estate isn’t just about turning a profit.

What strategies or flood mitigation measures worked best for you to ensure long-term profitability?

MLS is priced aggressively and nets no profit (flip) or cash-flow (BRRRR) unless you low ball.