You have to start with a solid foundation and team.

That way, you can focus on scaling without being in the weeds.Your deal doesn’t sound too good to be true - it sounds like you’re on the right track, you just need to layer in strong due diligence and the right team.

Having the right team in place from the start can save you countless headaches down the road and give you confidence as your portfolio grows.Wishing you success and smart investing.Disclaimer: This message is for informational and educational purposes only and should not be considered legal, tax, financial, or investment advice.

Edmonton’s investor meetups and local REI groups can be gold mines for those introductions.You’re doing it the right way by building your team before jumping into a property.

Conversely, if you don't have much capital, you will likely be looking at a path that requires more "sweat equity" from your direct participation in the business.Finding a team either locally or out of state will be a great first step.

Thank you,-Matthew  I would try to visit these places and build out a solid team

Avoid extremely distressed areas where ARVs are unpredictable or tenant turnover is high unless you have a deep local team in place.Happy to share experiences and connect.

I am seeking to build my real estate portfolio (primarily long term rentals) with the goal of retiring early.I recently found a foreclosure listed at auction in an area I am familiar with and where my partner has started to build a team out for his own rental.

Indy has solid sub-markets, but it really is block by block, so a good local team makes all the difference.

If rent collection, lease renewals, move-outs, and maintenance requests don’t run like clockwork, you’ve got a management problem, not a tenant problem.5.