For long term rentals I do not generally use month to month except in certain circumstances (example, once I had a property come available and was contacted by an agent for an insurance company who needed to place a family for 8 - 10 months while their fire damaged home was being repaired and were offering well above market value rent). 

The macroeconomics are on fire with a ton of population and job growth, plus massive developments from Intel, Amazon, Google, Facebook, Honda, Microsoft, LG, and more.

Learning lesson:  metal rusts fast at the beach. 

The lesson: with solid planning, adaptability, and strong support, even major projects can produce exceptional results.

The macroeconomics are on fire with tons of population and job growth, and massive companies building and expanding here like Intel, Google, Amazon, Honda, Facebook, Microsoft, LG, and more.

I moved here from Portland in 2020 to start investing and now own 10+ rentals, and the macroeconomics are on fire — huge population growth, tons of job growth, and major companies moving and expanding here like Intel, Amazon, Google, Microsoft, Honda, LG, and more.

Quote from @Carter Ledwith: Great point on the goal of balancing speed and safety.

Other issues can be contractor needs to be fired but that partner likes the contractor because it is his brother-in-law, or they want to be more involved or less involved and the split is not good where you want to be..

Guidelines to follow:Only buy in low-cost markets if your costs stay under 75% even after paying for two major capital improvements, such as a new roof and a new water service line.Make sure you can eliminate all obvious safety and health hazards—like broken sidewalks, missing railings, lead paint, or poor lighting.

@Jack Nolan, On my first flips, I aimed for 15–20% net, subcontracted most of the work, and the biggest lesson was lining up reliable trades before closing.