Here where TIC is appropriate if a resident fell out you would make more money reselling the unit because it would have appreciated.

I currently have 8 units in Phoenix area and really need some recommendation for new Property Managemnt company. one I'm using isn't working out.

Best thing to do, in my opinion, is to do some research:1 - Figure out what your end goal is and how you plan to get there2- What niche you want to invest in (single-family, small multi-family 2-4 units, large multi-family).

I have a couple renting one of my units. 

Just looking at numbers high level with no background on number of units.

We've seen deals fall out in Reno, NV on 8+ units because DSCR financing required 50%+ down. 

Hello everyone,I'm a Software Engineer from the Bay Area, looking to start investing in small multi-family units in Sacramento for passive income, but am also open to SFHs for flipping opportunities. 

When deciding between investing out of state vs home hacking in Oakland, keep the following in mind.Oakland House Hacking:Proximity: Living in Oakland while house hacking enables you to maintain a close proximity to San Francisco, which might prove advantageous for property management and maintaining connections with the local market.Possibility of Appreciation: Property values in the Bay Area have increased historically, which is good for accumulating equity over time.Local market dynamics, tenant preferences, and potential obstacles might be simpler to comprehend when one is in a familiar location.Demand for Rentals: Oakland has a robust rental market, and you can discover good demand for rental units if you pick the appropriate property and location.Creating Local Connections: If you live in the Bay Area, house hacking can assist you in making local contacts with property managers, real estate agents, and other investors.Investing Out of State:Investing outside of your state may be more affordable and enable you to use the same funds to buy more than one property.A few out-of-state markets can have more favorable cash flow prospects in contrast to the pricey Bay Area market.Geographic diversity, which can help reduce risks related to market-specific variations, is made possible by investing in a variety of markets.Hiring a local property management business, which offers a more hands-off approach to property management, is often necessary for out-of-state investments.Remember, both options have their advantages and challenges.

I have been an operator in Ocean City MD for awhile and have units ranging from 2 bed 1 bath to 6 bed 3 bath. 60k GRI is achievable on some units, typically on the larger side, in the 3 bed 2 bath range.

Overall, the surge in new apartment construction, introducing 440,000 units nationwide, underscored the direct inverse correlation between supply and rent growth in 2023.It is important to note that some markets such as Miami and Detroit have shown resilience posting continued rental rate growth figures indicating a fundamental strength in those markets as well as a secular shift in American demographics.Meanwhile, New York City stays consistent with an unprecedented housing crunch, reaching a 50-year low in rental availability.