The previous record in Bridgeport was held by 333 State St, a 67-unit mixed-use property, which sold for $202,985 per unit in 2021.Business PlanThe building, acquired by the current owners 15 years ago, presented a significant operational upside due to their lack of experience.

Basically, its a great program but it is not designed for a great customer experience.

If you have experience investing in this area of the country and can shed some light and insight into taxes, insurance, Airbnb options (easy/hard/impossible), permits, flooding, other potential issues, etc., I'd be most grateful!

Assess the quality and experience of the management team or consider outsourcing management duties to reputable firms.Market Oversaturation: An oversupply of similar properties in the market can depress rental rates and occupancy levels, affecting your investment returns.

Welcome to landlording a str and mtr. low maintenance and str/mtr are oxymoron.general rule is the more you pay the longer it lasts in our experience.

, will you share some basic facts with me about your experience so I can have some real life examples to encourage with my class with (below is my personal experience)?

(I am currently staying at another similar home in the neighborhood where the owner has done something similar)My main questions for the forum are:Zoning and Legal Considerations: Does anyone have experience with the zoning laws in Union City, NJ, especially regarding converting single-family homes into multi-unit rentals?

I'm curious to hear about others' experiences with implementing their plans for initial improvements.

Use it as a stepping stone and learning experience so if and or when this happens again, you know exactly how to handle the situation.

Ask them about their experience with the property or area and share your experience with their property and the area.