Takes just a minute to set new codes and can easily create codes for maintenance/cleaning/delivery people and then see when they arrive.I also put lockboxes at each property for the rare case where batteries may die or power is out.You can get them on Amazon or on eBay and are often on sale.

You get more experience and your quality goes up.

Most of my markets generally prefer clean and modern compared to all original restored.

Check out their prior deals to see the quality and the overall deal.3.

It is hard to judge how properties did in the last downturn because of too many variables to include owners living pay check to pay check with no reserves, paying 40% commissions vs self managing, location, quality, etc...

For me it's all about having a great cleaning person/crew.Homeaway and Airbnb make it easy to keep an up to date calendar, accept payments, refund security deposits.Then nice to have are automated locks (I still use a lockbox), security cameras, wifi thermostats.You need great pictures and descriptions, you need to be responsive to inquiries and issues.You need a great location so that you have demand at your property.I think this is the Cliff Notes version.Take up Lucas Carl on the phone call.

If you would buy a good quality rent ready house for 130k then lever it up like its 130k..

Find a few quality ones, provide proof that you have qualified investors (cash buyers?)

In we do that.I think either of your options are nice, but I like not worrying about a tenant cleaning grout and the potential for leaks.Our bathroom walls are half tiled, nice vanity with as spacious a granite countertop as possible.

My recommendation, for what that's worth, is to set aside 25- 30% of the rent for CAPX, vacancy (holding cost while no one is there and cleaning), and maintenance which will be higher when you have a vacancy as you always find stuff.