Having a long list of deeply vetted contractors is one of the most important things, then a good software like Buildium, if you plan to build it up and manage yourself.

Why is Property Class so important for investors to understand and apply in their investing strategies?

(starting from 2-5 units and going up slowly)What are the most important concepts and terms to understand when getting started with multi-family property investments?

My goal is to purchase a duplex in a solid A/B neighborhood to operate as a mid-term rental (MTR).I know how important it is to have the right team, so I’d love to connect with investor-friendly real estate agents, property managers, and co-hosts in either market.

I was in the wholesale industry for 3 years, and the most important thing is to have patience and guts of steel.

I could easily offer a 5.75% for a lot less than 3 points but they get laser focused on the rate they miss all the junk fees, and broker fees, and origination charges, and points.To your point though, speed is important, but even more important than that, to me, is actual ability to close. 

Then insurance is an additional hedge for against total loss.Reducing risk in how well you operate, ensuring safe grounds & premises is important, then as well as reducing the amount of inside & outside liability you generate can help avoid instances of needing to submit claims.

My goal is to purchase a duplex in a solid A/B neighborhood to operate as a mid-term rental (MTR).I know how important it is to have the right team, so I’d love to connect with investor-friendly real estate agents, property managers, and co-hosts in either market.

But what we don’t always see are the hard parts: the work, the mistakes, the learning curves, and the growing pains that come with starting and running any business.I’m realizing that the success stories are inspiring, but the challenges behind them are just as important.

Why is Property Class so important for investors to understand and apply in their investing strategies?