If you can come in and operate effectively I think you'll find success rather quickly due to that.BTW - for a property management platform I would highly recommend Buildium.

In many cases, having these protections in place also strengthens your position during negotiations or legal disputes, often resulting in more favorable outcomes.To navigate these complexities effectively, I highly recommend assembling a trusted team of qualified professionals.

But if I were to break it down, I usually see taxes and insurance are up to 20% of the Effective Gross Rent (Rent less vacancy cost).

I wanted just 12-15% returns, but I didn't even stand a chance.Effective Interest Rate when including Bid Premiums Effective Interest Rate # of Parcels <0 147 0-0.01 27 0.01-0.02 94 0.02-0.03 252 0.03-0.04 592 0.04-0.05 613 0.05-0.06 247 0.06-0.07 81 0.07-0.08 44 0.08-0.09 56 0.09-0.1 43 0.1-0.11 28 0.11-0.12 10 0.12-0.13 16 0.13-0.14 10 0.14-0.15 12 0.15-0.16 7 0.16-0.17 12 0.17-0.18 17 0.18-0.19 10 0.19-0.2 261 Grand Total 2,579 Top 10 Bidders Bidder Id # of Parcels Total Cost Average Interest Rate 339 475 $ 11,356,743.79 5% 340 483 $ 5,091,556.81 5% 807 104 $ 5,039,338.98 7% 900 193 $ 4,850,247.31 4% 609 430 $ 4,734,374.50 4% 918 115 $ 3,873,364.51 3% 890 112 $ 3,105,298.64 4% 911 125 $ 3,065,210.49 3% 727 85 $ 1,665,088.82 7% 954 50 $ 1,526,072.12 11% -Kareem They're not bidding for the interest rate.

Unfortunate truth is, they will more than likely give you the run around have you paying about as much as the appliance cost to keep it alive, and like most things, once they start breaking you can expect a snowball effect of future repairs. 

Text messages can easily get buried, are hard to track, archive, or retrieve if you ever need documentation to prove when a request was submitted or how it was handled.The most effective alternative often involves using property management software or a tenant portal like AppFolio, Buildium, RentRedi, or TenantCloud.

Couple things to note:1) There is typically a pair off fee and/or waterfall effect when you sell off properties out of the portfolio. 

There were issues with noise from kids, late-night disturbances, and guests getting annoyed—too many factors you can’t control.I eventually shifted to single-family homes in Cape Cod, and that model has been much more effective and manageable.

I’m planning to attend some local REIA meetups and auction events to network in person.If anyone here has experience wholesaling and can offer tips on how else I can effectively connect with real cash buyers—or avoid wasting time on dead leads—I’d really appreciate it.Thanks in advance!

In the same city STRs are effectively no longer allowed unless the zoning is commercial.