@Karl Denton a slowing market may not be the best time to invest in a questionable area.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.

I don’t raise the rent year-to-year with tenants, but when I am searching for a new tenant, I research both the government’s fair market value calculator and what the market can bear and that is where I set my rent.Prior to every new renter, I have the entire apartment deep cleaned by a professional cleaner and the carpets are shampooed.

It includes throw tenant’s leftover to a dumpster, change the floor, clean the yard, paint the whole house, deep cleaning the whole house. 

With the landlord/tenant laws being fair and the taxes being low, I dont see it slowing any time soon. 

This will allow you to warrant a higher rent as well as retain your tenants longer.As for me, I am slowing up my acquisitions at the moment.

I think is has more to do with the fact that there are a lot of rental properties in Fridley and the market is showings signs of slowing.

Starting slow and steady.6-18 mo's: Start w/wholesaling, then moving back into flips and BRRRRs, both residential and commercial.

Plus...escape velocity...Episode 113 – Jay Papasan - Very practical slow and steady adviceEpisode 221 - Tim Shiner - his concept of equity build up and "shearing the sheep" shows some of the flexibility of real estate vs a 401k Last but not least, I also recommend all the tax advice given by my fellow CPAs on the BP Podcast.

You need deep pockets to ride it out. 

My main point in this post is to show that a slow and deliberate, nothing fancy approach can be effective.