Great overview of the pros and cons from your experience!

It's a comprehensive property management software that offers a range of features to streamline your rental property management process.With All Property Management, I was able to easily report monthly rent payments to credit bureaus, which helped improve my tenants' credit scores and encouraged timely rent payments.

Wondering if its worth it as a general overview of investing in RE.

Check these out: https://www.lawhelp.org/dc/resource/frequently-ask... https://www.nolo.com/legal-encyclopedia/overview-l...You 1,000% percent want a lease.

This location is in a 1mm population metro area, 230 units, and costis about $1,800,000 all in.Limits of Insurance:Coverage:Liability andMedical Expenses $2,000,000/$4,000,000Occurrence/Aggregate Comprehensive Business Liability $2,000,000 Any OnePerson Personal & Advertising Injury$4,000,000 AggregateProducts Completed Operations Aggregate $2,000,000 Any OneFire Fire Damage $25,000 OccurrenceCustomers' Goods Legal Liability Deductible: $0 $25,000 AggregateSale and Disposal Liability Deductible: $1,000 $10,000 Any OnePerson Medical Payments $1,000,000 Occurrence Hired Non-Owned $300,000 EachEmployee Employee Benefits Liability $25,000/$25,000 PerClaim/Aggregate Employment Practices Liability Loc Class DescCoverage Limit Ded Valuation Type 1 Self-StorageBlanketBuilding & Business Personal Replacement Cost Property$2,100,000 $25,000 EarthquakeIncluded SinkholeIncluded Windstorm orHail Included 5%BusinessIncome Actual Loss Sustained 24 Months PollutionClean-Up & Removal $100,000 Employee Dishonesty$15,000 Money &Securities - Inside $10,000 Money &Securities - Outside $5,000 Accounts Receivable$25,000 Electronic Data$20,000 Valuable Papers &Records $25,000 Fine Arts $10,000Employee PersonalProperty $10,000 Limited PollutantRemoval $25,000/$100,000 Cosmetic LossLimitation Included Equipment BreakdownProtection Included Premium, Fees, andTaxes: BOP Premium: $ 7,760.00 Optional TerrorismPremium: $ 31.00 Total Premium:$ 7,791.00 Key notes:a.

We use a provider called websitebox.Easy to use, very comprehensive, one time cost only, ties to IDX and is template based with customization.

But with cheaper properties (40-175k), you could get 5-10%Thanks for the useful, detailed and to the point overview of this market.  

Quote from @Edwin De leon: What questions should i ask myself, what  steps should i take to research a state like Kansas to see if it is a good place to buy 4 plex MF ... my objective is to buy at lower purchase prices like Ohio and get  good cash flow like Ohio my son lives there and maybe this is a advantage for me I live in nycYou can do high level overview of states, but it's more important the city and even more important is the neighborhood of the city.

There are so many so be sure to filter by your location. 4) Review this comprehensive 64 page deck on the state of the 2023 housing market (in your resource page as a member of BiggerPockets!)

If you want something less expensive and less detailed, we use Innago as our PM software, and that does a great job as a basic P&L Overview.