Tell them the criteria and then stop talking - they will tell you how they measure up to your criteria (ei. credit score, tenant history,  gross income). 

Tool kit, sleeping bag, security measures, work clothing and go there- rip out the drywall that's damaged, sounds like the flooring is ruined as well.

Cause I want to know what measures do I have to take before investing in another country or state.

Here is a definition all of you need to understand.When you talk about "Cost Effectiveness" it is measured against a goal.Example:Fishing is not a cost effective way to get food.

Provide valuable insights on potential gaps in coverage and offer practical guidance on addressing them, empowering landlords to effectively protect their investments and provide peace of mind for their tenants.Preventive Measures and Documentation:Emphasizing the importance of proactive maintenance is crucial to minimizing the need for warranty claims.

Regularly update your team on legal requirements to ensure that your operations remain compliant, minimizing the risk of legal issues.Prioritize Security and Data Protection:Implement robust security measures for both physical and digital records.

@Brady MullenMy parents (boomers) always pushed on savings, stocks, 401K, pensions are they way to retire and a measure of success. 

Even if we choose a different market outside of SOCAL most of our top 10 markets to consider is in second tier markets, where the cost of acquisition is higher and therefore we need to ensure we understand what measurements we are looking for in success that fit our goal of multifamily.

It's calculated by dividing the NOI by the current market value of the property.Cash on Cash Return: This measures the return on the actual cash invested.

Hi Everyone - I'm interested in learning about how to analyze and measuring the performance of STR's.