You could end up paying holding costs like loan interest, property taxes, and maintenance for longer than expected, which can eat into your profits.Then there's the issue of selling for less than you expected.

Some markets are doing very well and some markets are struggling to keep occupancy up. 

San Diego) where evictions take forever or cost too much.

If you're not working with a local agent to help you screen tenants...I would say the best way to get as many eyes on the property is create marketing material - add to local FB groups and host 2 consecutive open house weekends showing a model unit and amenities.If you're close to any University Campuses - I would also suggest to partner with the university for housing opportunities for upperclass students.Good luck with filling those up!

I have a rental property in Park Forest, Illinois & everything has gone up in cost & the taxes are ridiculous, as with many South Suburbs of Chicago.

Obviously, the passive nature, but you can find an operating partner and you wouldn't need to give up control.

Growing up around mismanaged rentals is always a good formula for shenanigans!

Hopefully we can meet up if we take on this portfolio All the best and thanks for reaching out

In other words customer wants a spec house (at production hours cost) versus a production house, which if you are not set up for this, how do you price it as a non custom builder for only one home? 

Cost Segregation and Tax Basis A cost segregation study dissects the purchase price or “tax basis” of a building property that would normally be depreciated over 27.5 years for residential property or 39 years for commercial property.