Make sure property is “self supporting” meaning sufficient income to produce some cash flow after operating expenses and debt is paid.If one does that, they are set up for a profitable long term hold.If one invests in a prudent manner and is never in a position where they have to sell, they ultimately win.The top or bottom of a market is never known until 6 to 12 months after the fact.I’m a long term investor - my capital is patient.Here’s a question to ponder:If you could buy a property today for $1M, knowing it’s value would drop to $950,000 over the next year but would be worth $1.5M in 5 years, would you buy it today or hope to perfectly time the market and get at $950,000?

So, it is not the question that the cleaning took an hour instead of two (as an example) so she should charge less.

You can host your own open house but be aware of questions you get asked and what you disclose or fail to disclose.

The answer to your first question is, of course, it depends.

The question is, is the "problem tenant" violating state or local law or the lease agreement? 

What are the most effective strategies for you, for identifying and analyzing undervalued properties in a competitive real estate market, and how can investors leverage these opportunities to maximize returns while mi...

My question is, as a resident of CA does it make a difference if I'm using an attorney/asset protection specialist in my home state or in the state where I own rentals?

That's why I like this traditional ML approach, we leverage lots of data to inform our decision about which house is seriously "undervalued"I have a couple of questions about both of your approaches though, will be interesting to compare them!

Feel free to reach out if you have any additional questions!

Stay focused on learning, developing, networking and you'll eventually find an answer for each and every question you have. - When starting out, keep in mind that everyone speaks based on their experiences and mindsets.