You need the ability to do something with those opportunities doing rehab work and you need to be able to execute with professional quality property management. 4.

An email marketing funnel for re-booking is nice, but it's barely keeping up with the year over year decline in rents due to saturation (quantity saturation AND quality saturation) and shifting travel trends.  20 years ago your hot tub made your listing an all-star. 

Contractors also want to control the quality of materials going in, and a client wanting to save money might get a lower quality that could affect the end product, and cause problems down the line, reflecting on the contractor.

.--- Tactic 2: Quality and Aesthetics: He emphasized high-quality construction and appealing design, enhancing long-term value.--- Tactic 3: Strategic Land Acquisition: Bren acquired land in strategic locations, often before areas became highly desirable.3.

While it can be lucrative and most of the income will be guaranteed you will find that not every area has the same quality of Section 8 tenants.

They're paid by the job and if their performance ever decreases (which can happen - they're great for a time and eventually for whatever reason their quality, timeliness, etc declines) then it's easier to phase them out & replace them with a different crew. 

(Hopefully not) Was it top quality?

Computer or Smartphone, an internet connection, a blank Purchase and Sales Agreement, and Assignment Contract, an investor friendly title company or lawyer(depending on which one your state uses for closings), a bank account..

@Minji KimRecommend you first figure out the property Class you want to invest in, THEN figure out the corresponding location to invest in.Property Class will typically dictate the Class of tenant you get, which is VERY important for stable rental income and low property maintenance/damage.If you apply Class A assumptions to a Class B or C purchase, your expectations won’t be met and it may be a financial disaster.If you buy/renovate a Class A property in Class D area, what quality of tenant will you get?

The property should be clean, functional, and safe.A well-maintained property attracts higher-quality renters that will pay more, stay longer, and take better care of the home.