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.

If these developments are likely to enhance the neighborhood's appeal, holding onto the property could be beneficial in the long term.Cost of Renovations vs.

Can anyone share their experiences in that market?

no need to buy "debt free"and no need to sign up for a lifetime partnershipbuy 1, buy with debt - fix up - refinancethat is BRRRRif you have construction experience, great!

Ares (ARCC) in particular seems to have good stability along with high yield.Does anyone here have experience or recommendations on potential investments?