By the way, I love the honesty in this forum because something I frequently communicate to my clients and everyone I talk to about real estate is that you have to have a passion upfront to jump in and be successful.

The key is making sure whoever you work with understands your criteria and timeline; clear communication upfront makes a big difference.It can save a lot of time, but it's still important to stay plugged in enough to make sure the final decision aligns with your long-term plans for the property.

A couple months ago, I received communication from Capital Square that they were lowering our distributions from 4.27% to 3.01% on one of the properties outside of Atlanta. 

20 Questions to Ask When Vetting a Property Management Company: Processes13 Questions to Ask to a PMC: Communication and Documentation24 Questions to Ask When Evaluating a Property Management Contract

Quote from @Adam Macias: AI is sure getting spooky..I'm working on a AI Agent for inbound and outboundfollow ups and it sure does sound exactly like a person.Got the breathing, the "umms" and "ahhhs"and it can be programmed to say and respond to anythingyou want.I may record a demo of it.But this is the future and people are already used toautomation and calling their doctor's office only to hear a virtual receptionist prompt.But those automations suck.

This is not unique to San Diego but virtually all markets.- you need to be able to handle the negative cash flow that likely will be challenging at times.  

The truth is, most of us don’t want to replace the human side of the business — we want to take the friction out of the repetitive stuff so we can actually spend more time on the relationship side.For investors managing multiple properties, one of the biggest areas I’ve seen is tenant communication.

Dirt Rich was interesting, learning how to find properties, and how to use virtual assistants for some grunt work, but emphasized the importance of putting systems in place.

No attorney-client, fiduciary, or professional relationship is established through this communication.

This unit configuration will attract the most, best qualified tenants who will stay long term, respect the property and pay rent on time (or at the very least, communicate if they are having difficulty paying rent).