I’ve done some of my own calculations but since this is unique and the money wouldn’t pay down the mortgage I’m requesting some additional analysis.

What is everyone using to track their selections and budgets.

HI - I’ve always found “best markets” discussions a little unsatisfying.It often feels like people are talking past each other — appreciation vs cash flow vs risk tolerance — and the answer is always some version of “it depends,” which is true, but not very actionable.Over time, I’ve come to think part of the problem is that we often mix deal analysis and market selection into the same conversation.For myself, I started trying to separate the two:Market selection: Which cities even belong in the conversation?

Had we seen one of them, we would have selected another tenant and avoided a disaster where he is not paying and we are going through appeals and eviction.Even the income reported by Zillow turns out they report what the tenant submitting the application provides - not a value that Zillow verifies. 

From property selection and renovation to structuring leases with operators, there’s a lot that goes into doing it right...

Would be interested to hear how others approach market selection before getting into individual deals.

Tenant selection is the most time consuming.

That collective approach has become a unique edge for us, especially as margins tighten and execution risk matters more than ever.

.- TakeOver Evaluation Video & Property Data Sheet, share video with owner for possible repairs- Per owner selections on our PMA, have tax docs, water bills, etc. mailed to us.TENANTS- Send tenant(s) Welcome Aboard Package with TakeOver Questionnaire (confirms occupants, pets, how long there, rent rate, security deposit, who owns appliances, etc.)- Review previous rent ledger for patterns to be aware of, note their lease in PMC software- Try to convert to our Lease, to make it easier on our staff (we don't tell tenants they don't have to do this)- Opportunity to renew/extend lease with increase?

Unique situation: The home was purchased by my mother/father in-law in 2022.