New Investor in NW Florida

[Steven Wachtel]

Hey all! I've been lurking for a while and figured I should introduce myself. I'm a flight test engineer by day, currently stationed at Eglin Air Force Base, FL (just across the bay from Destin). I'm living in Niceville, but looking for my first BRRRR in the Ft Walton Beach area since it's a little more affordable. I'd like to invest back home in Ohio eventually (I lived in both Columbus and Dayton for about 5 years each), but I'm much more comfortable starting with something I can see regularly. Not super interested in STRs at the moment, since I think I would have a hard time keeping up with the management. Anyway, looking forward to getting more involved here!

[Matt "Roar" Gardner]

Quote from @Steven Wachtel:

Thanks everybody!  @Matt "Roar" Gardner, good to see you here!  I made it to your last meetup at Props - we met just briefly at the end.  Honestly I'm not crazy about the idea of STRs at the moment since I don't think I currently have the bandwidth to self manage.  Do you see many folks outsourcing the management and still cash flowing?  

 I totally get it! If you choose to NOT self manage and use a PM in this area, it is definitely difficult to cash flow.  I would say that 90% of my clients choose to self manage, and most of my clients are remote investors.  It's just a matter of getting your systems and tools setup along with assembling your local team (i.e. cleaners and handyman) -- You can do it!