Partnered up with my partners who were interested in Real-estate and this property was introduced to us shortly after by an agent we knew.

Quote from @Matthew Coltrin: We are buying a property to turn it into an str after our year is up.

Doesn't this mean that eventually there will be fewer people, thus less demand, resulting in less property appreciation, or worse, a decline in property value?

Manage it yourself.

I launched my property management company back in 2020 and we've had great success — offering 15+ guarantees, quarterly inspections, management fees based on gross income, and using insurance instead of security deposits.

This will help you get a better idea of what tile, hardwood, carpet, plumbing fixtures and light fixtures costs for your rehabs.#4 Contact Local Contractors For PricingAs others have suggested pay a GC to walk through a few properties and provide budget pricing for typical repairs.#5 Build Out Your Database in a Spreadsheet Once you start to get a better understanding of Labor and Material costs you will want to store this data into a spreadsheet or software that you can use to help you streamline the estimating process.#6 Practice, Practice, PracticeWalk through distressed fixer-upper properties (or find properties virtually online) and practice creating detailed scopes of work, quantifying repairs and estimating rehab costs for the projects.This will help you get acquainted with common rehab repairs, rehab costs & estimating terminology.#7 Get Your First Rehab Project!

Do you use a software or AI program to find leads or end buyers?  

I have recently acquired my first property.

@John DavisCongrats on closing on your first investment property!

No need to refinance your existing property out of FHA.