This way, the tenants become much more invested in maintaining the property and believe they got a great deal on the place making them much more likely to stay long term.† If you hire professional property management make sure you pay based on percentage of rents collected so you don’t incur excess expenses on vacancies.If you have multiple back up exit strategies you can go forward with confidence on any deals.† Just make sure you increase the spread you normally work with to give yourself the most options.

This topic has been posted multiple times.

I am going to call the state tomorrow, I figured I would just ask anyway.Sorry for the multiple questions.

This is great from a cash flow perspective but you are in lower end rentals so tenants must be screened CAREFULLY.

But, I recently came across this site, and decided to join in hopes of networking to meet other people in my field, and to get a birds eye perspective of the investing realm from those that do it everyday.

I just heard some dude on here bought like 22 properties last year alone. How on earth do you all do this? That is a TON of tenants to take care of, yeah?? In addition, doesn't it scare you when each one brings in ...

Plus I think its critical to have multiple exit strategies throughout the transaction, and after closing, (which is a whole new thread to have an in depth discussion about).I noticed a few of you said to get in touch with investors in your target markets.

thanks all for your insightful perspectives.

Just for some simple points like; you have multiple units under one roof, when you need to make appearances you have say 3,4,5,6 places all at the same place.

You wonder how effective these are if multiple investors have the same web sites in the same area.