Be prepared for the unexpected.  

Don't forget to account for maintenance, property management, and unexpected expenses.4️⃣ Network Like a Pro: Real estate is not just about properties; it's about people.

We're overspending by more than $20k per house on these violations alone (not to mention regular unexpected rehab costs) and we're not sure we'll even break even anymore at this point!

It is not uncommon to find monthly fees have been intentionally kept at a low level, while Reserves are not properly funded to enable the major repair or replacement when due, without an "unexpected" Special Assessment.

If you proceed be sure you have accurate cap ex numbers plus cash reserves so you can deal with any problems that crop up and I suspect there will be some unexpected negative issue arise. 

San Marcos: Employment rate and renter occupied % is very good, they have the outlet mall, and couple of attractions tooI'm not sure if I should consider any more data points to fix on a city. 

This puts you in a much better financial position when unexpected expenses come up. 

If it sounds too good to be true, it not only will scare off investors who know what they are doing (and tend to have deeper pockets), it might set you up for failure, if something unexpected happens and you can't perform.  

this was not a scheduled outage, the tenant put in a maintenance request because her fridge outlet lost power, and her lights got dim, she turned the breaker box off and it wouldn’t turn back on.

All you need is a ladder, cordless drill, and an available outlet to run one.