It attracts a higher quality tenant, no matter where your neighborhood or demographic(probably some extreme exceptions somewhere).Not consistently raising rents and doing comps to make sure I'm as close to or above fair market value, as possible.Not doing thorough enough tenant screening.That's just the peak of the mountain of mistakes I have made.Best of luck!

This property has peaked my interest.I found it two days ago, lower asking price than the surrounding available multifamily buildings for sale.

My requirements are credit score 650+, no late payments in 24 months and no more than 3 in 7 years, none with the criminal record outside of speeding tickets, and verified work for more than 6 months. 

Most important to have learned might be the need for speed on tenant turn over.- He wants to do a flip with his employee but the tenant turnover time tells me it could take over a year and it is his senior year (He is one year ahead), so I do not think it will happen (too full of a calendar already).advice to you two1) Read the book I recommend to my son.

We've reached out to the realtor many times to speed up the process but each time he says they are still working on it. 

@Jeff Zimmerman, thank you :) really want to pull the trigger on my first deal already...I took a peak at some listings in Fresno and the area really looks a lot more friendly for my wallet!

I self-insure my SFH homes from the get go do it by carrying a high deductible loses up top 300k, then umbrella kick in after that, I cover all small losses, To get an umbrella I had to up my normal coverage to 300k coverage to get the umbrella.It’s amazing how folks carry low deductibles get smashed with high rates, there are just not up to speed stepped on how to cover SFHMost umbrellas will only cover if you have all insurance SFH coverage with them.I never found a company that would only write umbrella coverage, folks said they were out there but rates are higher.

There are always ways to speed up that process, but somebody must accept ownership of that risk. 

It seems as though itll be hard to increase your income much, so cutting your expenses may help speed up your investing.

It’s all about speed to lead.