Protect the Downside and Play the Long Game
Use appropriate entities with counsel, maintain umbrella coverage, and meet lender requirements. Honor fair housing, habitability, and local ordinances. A mentor avoided a costly lawsuit simply by documenting maintenance timelines meticulously—boring habits that quietly defend your returns.
Protect the Downside and Play the Long Game
Hold six to twelve months of expenses, plus capex for roofs, HVAC, and parking lots. Model vacancy spikes, insurance jumps, and rate resets. Know break‑even occupancy cold. Share your reserve policy; new investors will learn from your real‑world guardrails.