Thanks for the replies. Eye opening to say the least. We really appreciate seeing the bigger picture here and learning from your experience.
We have focused on sd, two submarkets in particular. One inland and one quasi coastal. We recognize that the heyday of flipping has past but can hard work, informed choices and a conspicuous lack of greed still be a recipe for success?
I hadn’t been looking to get back in rentals, however, that was because of a single, horrible experience. I am ready to shake that off and take a fresh look at it.
It appears that rental vacancies has vacillated between 3 and 5% since late ’02. Given the inventory of f/c’d sfr’s hitting the rental market should I shy away from 3/2’s and look at mf’s with 2/2’s and smaller?
I love to hear about any experiences with rental management companies or live-in managers (reduced/free rent, etc.).
My previous landlord experience was with a newer home so maintenance was fairly predictable. Any costing advice when I’m crunching numbers would be greatly appreciated.
