That said, safety-related items, like railings, smoke detectors, or other hazards, should always be handled promptly by the landlord, since a court might hold the landlord responsible even if the lease says otherwise.

@Lidor Levi Appreciate that, you’re thinking about it the right way.If you’re still evaluating ZIPs, I’d focus heavily on median purchase price relative to realistic rent potential and exit liquidity.

A lot of owners run into this when the line amount is relatively small.

Are you getting proper communication from someone in investor relations? 

While I’m still flexible on the exact location, I would prefer something within reasonable distance of New York City, since I currently live here and would like to be able to reach the property relatively easily if needed.In terms of tenant profile, I’m particularly interested in areas near student housing for colleges or young working professionals.

I Use Hostaway for everything related to the STRS including messaging, cleaner automation, calendar coordination, guest messaging.

Hey Dave I’ve worked with BRRRR style deals in the Charlotte area and can definitely relate to what you’re getting started with.

When we sold it, it did have a relatively new and working central ac and heat etc but I know it needed a lot of updates and drywall repair etc.  

It’s a relatively small upfront cost compared to the protection it provides, and it helps ensure everything is compliant with the state’s lending and real estate laws.

They are a relatively large, institutional non-QM lender.