Learning from others' experiences and building a network can open up opportunities and provide valuable insights.Given your goal to purchase a cash-flowing rental property, solid financial planning is key.

This bill would provide that, if the Commission on State Mandates determines that the bill contains costs mandated by the state, reimbursement for those costs shall be made pursuant to the statutory provisions noted above."

You can raise rents but there will be different lengths of time that you have to provide notice depending on how long the tenant has been living there.

I have also worked with a lot of great property managers that charge reasonable rates and provide excellent service, and I would love to recommend them to you. 

This means more than just providing a clean space; it involves thoughtful touches like welcome baskets, local guides, and amenities that cater to your target audience (families, business travelers, etc.).

Quick Update: I spoke with a property manager service company today and he was able to provide me more insight.

I have taken courses through a couple of providers here in the twin cities whether for continuing education or licensure.

But you gotta be on the ground.Great on paper and some years you might get 15% returns and next year -15% returns.Plus, there is no true value in such areas as homes sell for $1,000 and others to unsuspecting out of state buyers for $60,000 where the provider makes a $20,000+ margin.Then it goes vacant, vandalized and back to a $1,000 houseLooks for areas with a more consistent sales value where homeowners also live and not just investor owned.B class in my eyes is:1) Close to infrastructure like schools, hospitals, shopping mall, larger employer, etc...2) Mix of homeowners and investor owned (leaning toward more homeowners).3) Well kept yards and no boarded up homes.

Provide Accurate and Detailed InformationPotential buyers want to know as much as possible about the property before scheduling a viewing.

This has stood the test of time and has proven to be the better choice.At our 8-plex we had one tenant burn a hole in a plastic/acrylic tub surround when she placed tea light candles in the soap holder.