Diving into self-study is smart, but I’d also suggest connecting with a few local property managers or investor groups early on—they can give insights you won’t find in books or podcasts, especially around tenant laws, local ordinances, and market trends.Since you’re starting with residential rentals, focus first on mastering tenant screening, leases, maintenance systems, and bookkeeping.

Property Condition & Amenities: it’s important to, “Maintain to the Neighborhood.”Key metrics for each Property Class:Class A Properties:Tenant Pool: Majority of FICO scores 680+, no convictions/evictions in last 7 years.Tenant Default: 0-5% probability of eviction or early lease termination.Section 8: Class A rents are too high and won’t be approved.Vacancies: 5-10%, depending on market conditions.Cashflow vs Appreciation: Typically, 3-5 years for positive cashflow, but you get highest relative rent & value appreciation.Class B Properties:Tenant Pool: Majority of FICO scores 620-680, some blemishes, no convictions/evictions in last 5 years.Tenant Default: 5-10% probability of eviction or early lease termination.Vacancies: 10-15%, depending on market conditions.Cashflow vs Appreciation: Typically, 1-3 years for positive cashflow, balanced amounts of relative rent & value appreciation.Section 8: Class B rents are usually too high for the Section 8 program.Class C Properties:Tenant Pool: Majority of FICO scores 560-620, many blemishes, but should have no convictions/evictions in last 3 years.

Are lease agreements included in our membership?

Why do this instead of separate leases?

Just set up the lease and get a long term tenant.

Do you have access to a handy man that you could possibly lease a unit to for free just to provide you with maintenance free services or at a reduced cost?

Put it on MLS, and just make sure you specify that it is currently rented and for how long the current lease has left. 

Here’s why:We see consistent demand in our area for medical housing.Shorter leases mean we can get inside more often for repairs and inspections.During vacancies, we could use the property for visiting family or friends.We’d love your advice:What services or platforms do you recommend for finding high-quality traveling medical professionals as tenants?

When tenants know their landlord or property manager responds promptly and fairly, they’re more likely to renew leases and take better care of the property.2.

You can also have a longer lease term too so the next lease ends during a more peak month to rent