Making sure you are prepared on every level is crucial before completing any deal.

A good lease has the tenant responsible for $X amount of money, broken up into equal payments.

Price to rent ratio  $1,000 of rent in CA equals $125,000 of market value  (.8%)Price to rent ratio  $1,000 of rent in Podunk equals $50,000 of market value. (2%)CA appreciates 9% Market value $136,250 Rents increase to $1,090.Podunk does not appreciate (That's why you can buy it at $50,000) so no capital gain no rent increase. 

Having someone you trust in town to give you that kind of advice is an incredible asset, and equally important is hiring the right management company who is experienced with the lower end rental market in town.  

Example: A 300K SFR does not Equal a 300K Multifamily in the sense that each unit is an income producing unit.  

What they buy, where they buy, price point, how many per month etc.Although it's true that if you have areal deal on the table the buyers will come, it's equally as good (if not more so) to find a property "KNOWING" it meets one of your buyers criteria! 

Pretty standard reasons:Not doing their job by not inspecting properties regularly.Not filling vacant units as quickly as other managers.Not having a large enough team to handle all the properties they are managing.Not reporting issues to us/owner.We took 10 properties in one area and gave equal number to two managers.  

We are looking for a "buy and flip" deal as that will be our niche business plan starting out.We are both equally new to real estate but she does work for a marketing company that is in the housing industry.We are seeking mentors, partners, pretty much any one that will allow us a 30 minute sit down to pick their real estate mind.

The property has unique (to say the least) challenges that require an equally unique skill set to solve.

The longer I live the more I realize that the good Lord did not see fit to distribute the gift of intelligence equally.