Lessons learned?

Oh, it's a fact, the fastest way to increase cashflow is to fire your PM!

.- I didn't have time to make improvements like I wanted so there were a few other problems when the tenants moved in: fire ants, some spots on the carpet, and some walls need to be painted.

The same inspector required me to install integrated wired fire alarms such as when one goes off they all go off even though I had no permit related to anything with fire alarms (unless you count removing a wood burning fireplace).  

If I sign up for Karate lessons I'd like the dude teaching me to be a black belt. 

Every Friday, I’ll be sharing bite-sized insights about long-term rental strategies, lessons we’ve learned managing properties across the Baltimore Metro area, and how investors can position themselves for sustainable returns.I’m not here to sell you anything just to open the conversation around what actually works in the field.

Sale Price: $131,250Seller Credit: $7,500Net Sale Price: $123,750Total Construction (Labor + Materials): $35,693.37Total Profit: $14,000All In Margin: 12.75% Margin Lessons learned?

I paid solely for smoke cert and smoke detectors and fire extinguisher etc on purchase and sale. ($1,200)Once the work was completed, I listed the property while renovations were being completed for $950,000.

8% return with more room to increase rents Lessons learned?

Any tips or lessons learned for handling closings, documentation, or compliance from overseas4.)