Real-life qualifying tasks I log include reviewing listings and underwriting deals, coordinating with property managers and contractors, approving repairs, tenant communications, lease reviews, bookkeeping, and planning improvements.

The real value is task reminders, follow-ups, and tagging seller motivations. 8.

The combination of hands-on mechanical knowledge and real business discipline is something many investors develop much later - if ever.One perspective that may serve you well early: in real estate, technical problems are often easier to solve than financial ones.A building can be “fixable” from a construction standpoint and still be a weak deal if the numbers don’t provide enough margin.

@Grant Shipman you may want to remove this line, "I've developed, use with all my coliving properties, and teach HPM (household-led property management)" as it appears to be self-promotion.

Newark continues to show new development.

So simply put: Keep EVERYTHING third party/arms-length from the plan owner other than administrative tasks.

From a pure market growth and macro standpoint, I’d also strongly compare Pittsburgh to Columbus, because Columbus has seen strong population and job growth and continues attracting major employers and development, which supports long term rent demand and appreciation, while Pittsburgh is often viewed as more stable and cash flow oriented but with slower appreciation in many submarkets.

I wouldn’t plan on paying myself until I had developed enough income for it to make sense.

We encourage all our investors to budget for working with an experienced property manager as they can keep you compliant, handle the tasks you would prefer a professional do, take care of the maintenance and unit turns, and should add value with their service and experience.Buying a duplex and living in one unit or renting out rooms in a single family house is a good way to get started as it requires less down or look for a value add duplex you can refinance shortly after making improvements.We help investors do this in Michigan.To Your Success!

@Matthew BonaskiAbsolutely, and that perspective aligns perfectly with how real expertise is developed in our industry.