I think with Newark the turnover will be low as well becuase if tenants knows system, which most do, they can essentially live on property for many years without land lording legally being allowed to raise rents.

Quote from @Daniel Sehy: Hey everyone —We’re actively expanding our portfolio into student housing and building long-term buy-and-hold strategies around Tier-2 and SEC campus markets.Target Criteria:80+ units (purpose-built or converted)Within 3–5 miles of campusMarkets with growing student populations and limited new supplyIdeally pre-leased or with some operational track recordWe’re open to both on- and off-market opportunitiesWe’ve modeled our acquisition approach around high-yield, Tier-2 university markets (think: Coastal Carolina, Troy, Kennesaw, Eastern Kentucky) where competition is lower, student demand is steady, and mom-and-pop owners still control a big chunk of inventory.We’re also looking at core SEC metros — Auburn, Columbia, Knoxville, etc. — but only where value and scale align.My ask:Who are the sharpest agents or brokers in your network with real student housing experience (not just MF)?

I’m looking for some best practices on starting and maintaining LLCs in TX, TN and FL (on a cheap basis…not trying to do everything using a service or having each single family home in each LLC as that would make costs balloon out of control).  

If you don’t keep your end of the bargain, your partner should be able to “fire” you and maintain control of the property, perhaps paying you a finder’s fee or nothing at all, since you would be leaving him or her with a busted flip.

You are paying a premium for new systems but then each year the systems get older, thus losing value.2.

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Many VAs are now gaming the system:1) Working multiple jobs2) Outsourcing what you assign to them3) Using programs to pretend they are working4) Really don't care about the work they do, so do bare minimumIf you properly understand all this, you can interview better, track KPIs to track performance and find good workers.It's no different than screening for good tenants.

I would probably leave a State that is landlord-unfriendly faster than one with State income tax, as the potential pain inflicted by the legal system would trouble me more than reasonable taxes.

I'm based in Colorado, where I split my time between building AI automation systems, exploring backcountry trails, and trying to nail that perfect cosmic country guitar tone.

Notes can be more passive, while rentals give you appreciation and control.