Cash for keys will cost you money AND it rewards the Tenant's bad behavior and encourages them to do it again.Your PM is correct.

The risk/reward ratio must always be considered.

Unfortunately there is no such thing as a bulletproof strategy, and you have to keep in mind that often the bigger rewards come with some bigger risks.

For optimal risk/reward, if you have an income on the side already, I would look at house hacking.

Sherriff Sale is also full of opportunities, although it is still closed due to COVID.As you begin to invest, keep in mind that taxation of real estate investments can be complicated, but ultimately very rewarding.

If I buy a house with decent light fixtures in guest rooms, then I will leave them and offer to add them gradually as tenant rewards for renewals etc.  

Problem is it'll reward the existing tenant and help retain a good one. 

investing abroad can be very rewarding, but you should test the waters carefully.I had properties in South America, West Africa and Europe one time or another. if you can find a good handyman, a decent lawyer (just in case), and finance (unless you want to buy cash), you can invest abroad.I like the Mediterranean area, no matter of what continent.

Appreciate any guidance you can provide.Thanks The structure of the residential and commercial market in Bay Area makes this area is more rewarding for owner occupant  and for short/long term appreciation play rather than cash-flow.

. 🅰️ Class A:• Top-tier quality & desirability• Newer construction (last 10-15 yrs)• Prime amenities (pools, gyms)• Great locations• High-income tenants• Highest rents 🅱️ Class B:• Good but not top-tier quality• Older (built 15-30 yrs ago)• Fewer amenities• Moderate locations• Middle-income tenants• Moderate rents / Light Value Add (I think the early 2000s)🅲️ Class C:• Lowest quality & desirability• Over 30 years old• Minimal amenities• Less desirable locations• Lower-income tenants• Lowest rents -> Highes Risk High Reward Renovated Class C: Upgraded Class C properties can potentially become Class B or even Class A, depending on factors like renovation quality, location, market conditions, and tenant demographics.Knowing these classifications can help investors, property managers, and other stakeholders better understand market segments and potential returns on investment.Here is a question how much does it cost to turn a Class C property into a Class B property?