I recommend researching such things as an an area's projected growth, renters to owners, community development, business growth, etc.Good luck.

The most difficult to contend with was when the plumbing under the slab of the house had developed multiple leaks and needed to be replaced!

There are 3 identical lots next to mine (with motivated sellers) as part of the same development plan.thanksKen

Their entire revenue stream is dependent on finding tenants with landlords who will use them again in the future, so their reputation is extremely important for their survival.Advantages of Using a Leasing Agent: Saves you time of showing the unit, getting stood up at showings, and fielding phone calls for information on the unit.

If you are leasing your own properties there are no tax advantages to using an LLC or corporation though there may be legal and asset protection reasons to use them.If you are flipping, managing properties for others, wholesaling or developing you may have tax advantages to using one or more various business entities.

If you develop your own spreadsheets in excel, a great one is PDF Experts as well.

Upside is a developer may want to buy you out, low cap rate when selling, or value still high if things go wrong.

The main reasons are the population of these two cities are growing fast, there will be high speed rail station built up in Palmdale which will help local development, and finally these two cities are within 60 miles radius of LA.

It could end up costing thousands in legal fees.I have had success getting tenants to leave by finding them another unit in the same development & paying for their moving costs (a few hundred dollars).

You first have to become very familiar with the market and you initially must spend time in the market. second you must develop a reliable team if not a property manager at least a handyman and contacts for more complicated repairs.