1) The Class of the NEIGHBORHOOD they are buying in - which is relative to the overall area.2) The Class of the PROPERTY they are buying - which is relative to the overall area.3) The Class of the TENANT POOL the Neighborhood & Property will attract - which is relative to the overall area.4) The Class of the CONTRACTORS that will work on their Property, given the Neighborhood location - which is relative to the overall area.5) The Class of the PROPERTY MANAGEMENT COMPANIES (PMC) that will manage their Property, given the Neighborhood location and the Tenants it will attract - which is relative to the overall area.6) That a Class X NEIGHBORHOOD will have mostly Class X PROPERTIES, which will only attract Class X TENANTS, CONTRACTORS AND PMCs and deliver Class X RESULTS.7) That OOS property Class rankings are often different than the Class ranking of the local market they live.8) Class A is relatively easy to manage, can even be DIY remote managed from another state.

Many OOS investors set themselves up for failure because they don't truly take the time to understand:1) The Class of the NEIGHBORHOOD they are buying in - which is relative to the overall area.2) The Class of the PROPERTY they are buying - which is relative to the overall area.3) The Class of the TENANT POOL the Neighborhood & Property will attract - which is relative to the overall area.4) The Class of the CONTRACTORS that will work on their Property, given the Neighborhood location - which is relative to the overall area.5) The Class of the PROPERTY MANAGEMENT COMPANIES (PMC) that will manage their Property, given the Neighborhood location and the Tenants it will attract - which is relative to the overall area.6) That a Class X NEIGHBORHOOD will have mostly Class X PROPERTIES, which will only attract Class X TENANTS, CONTRACTORS AND PMCs and deliver Class X RESULTS.7) That OOS property Class rankings are often different than the Class ranking of the local market they live.8) Class A is relatively easy to manage, can even be DIY remote managed from another state.

Here are all of the items my attorney includes:Seller will complete the certified rent roll provided by Buyer to Buyer.Seller will deliver an Estoppel certificate provided by Buyer and completed by each tenant and signed by both tenant and by owner for each rental unit.Seller agrees that it shall not enter into any new Leases, modify any of the existing Leases or change monthly rents without the prior written approval of Buyer prior to closing.Seller shall provide full and complete copies of all written Leases to Buyer.Seller agrees to provide updated and unexpired Residential Occupancy Permits for all units to Buyer at time of closing.Seller will execute and provide written assignments of all leases to the current tenants at the time of closing.Seller will provide notice to current tenants as to the transfer of ownership any any security deposit to new owner.Seller will provide one year (previous 4 billing periods) of water/sewer bills to Buyer.Buyer will not be obligated to collect any rent due and owing by tenants prior to closing and Seller shall be obligated to credit all rent due to Buyer at closing regardless of whether collected by Seller at the time of closing.

I've heard of mentees that started out cleaning up construction areas on a flip at the end of each work day or picking up supplies at Home Depot and delivering them to the job site.

I try not to "recommend" per se, just in case they don't like their Uber driver and it's somehow my fault, lol.

Many OOS investors set themselves up for failure because they don't truly take the time to understand:1) The Class of the NEIGHBORHOOD they are buying in - which is relative to the overall area.2) The Class of the PROPERTY they are buying - which is relative to the overall area.3) The Class of the TENANT POOL the Neighborhood & Property will attract - which is relative to the overall area.4) The Class of the CONTRACTORS that will work on their Property, given the Neighborhood location - which is relative to the overall area.5) The Class of the PROPERTY MANAGEMENT COMPANIES (PMC) that will manage their Property, given the Neighborhood location and the Tenants it will attract - which is relative to the overall area.6) That a Class X NEIGHBORHOOD will have mostly Class X PROPERTIES, which will only attract Class X TENANTS, CONTRACTORS AND PMCs and deliver Class X RESULTS.7) That OOS property Class rankings are often different than the Class ranking of the local market they live.8) Class A is relatively easy to manage, can even be DIY remote managed from another state.

For example, they could deliver notice that they are taking over management so the tenant has someone to contact for emergencies or to give notice they are vacating.

Hello biggerpockets,  i am reading some books on market cycles of real estate , all about key drivers of market and market influencers .

I have managed my own rentals and in each state there were different timelines and notices that needed to be delivered and delivery methods.  

That's why many people only want lease in place and on time payments or delivered vacant.