Conduct a thorough inspection to assess the true condition of the property.High Vacancy Rates: Excessive vacancies can signal underlying issues such as poor management, undesirable location, or an oversaturated market.

Connecting with local experts like real estate agents, contractors, property managers, and investors can give you valuable information and support.

I found an opportunity to purchase a property that would cash flow approximately 100 dollars a month in Texas including property management fees among all other various expenses with a tenant already on a lease.

There are two property In queens that my family owns and I manage!

Hi Suzanne, I'm a Realtor and Property Manager in Huntsville AL who specializes in working with investors!

I would also highly recommend you educate yourself on New York State tenant/landlord law, especially if you plan on self-managing.

In fact my former employer who owned and managed a portfolio that exceeded $1B utilized an asset protection system more simplified than what you propose.

Because buying, rehabbing and managing my own properties gave me a certain expertise over time that made it an obvious choice to do so with a focus on working with other investors to help them do what I was already doing for myself.

They are responsible for the day-to-day operations of the property, including property management, asset management, and project management.

A crappy property manager can blow a great investment in any market.