There are a couple red flags so you could chat with a couple other PM's, avoid getting into leases if you are unhappy with the PM.Not justifying the PM but playing devils advocate on a couple things you said - 1) Many times you might think the unit is rent ready but there could be misc. things to do.

Areas to prioritize/Avoid for a first duplex in Atlanta (Tenant quality + Rent Demand)2.

. - Budget for hosting 12-20 people VIP happy hour/networking events, avoid major holidays.- Subscribe to automated gifting, card mailing systems like MailboxPower and auto local market campaigns for your sphere like Altos Research.SKIP: Zillow/Realtor/etc. leads, BNI groups, many other online "lead" services promising to send you quality/motivated buyer/seller leads.Best wishes on your success!

In this case, it's messy to fix this and you have to file a Form 3115.You would consider a 1031 exchange to avoid depreciation recapture.Type of property (STR or LTR),How high is your W-2 income / other incomeReal Estate Professional Status (REPS) or no REPSMore factors ….As a result, the cost seg on $300k property might be worth it, but you need to evaluate several factors and whether or not a cost segregation worth it depends on the real estate investor. ...

Winter isn’t the season to gamble with rent numbers — it’s the season to stay competitive and avoid costly downtime.If anyone’s dealing with a winter turn right now and wants a second set of eyes on pricing or comps, happy to help.

I want to make sure I’m analyzing these deals the right way.Any guidance on how to identify the right type of property and avoid wasting time on deals that will never pencil out would be really appreciated.Thank you.I've been flipping for 30 years.

You asked what would be the best approach to get started and what if anything one would do differently looking back.First, congratulations, and I would look at getting a HELOC on your current house if you have equity or putting aside money in a consistent and disciplined way to fund the down payment and a reserve for your first investment.You could look around for a value add duplex by you but you can pick them up in good markets in Michigan for $150,000 plus or minus to give you an idea of what is possible.We strongly encourage you to work with a property manager from the beginning as they should help you make money and you have other things to do like look for your next investment and your family.Something I would have done differently is avoided buying single-family rentals as they turn into a financial alligator pretty quick when they become vacant.We help investors do this in Michigan and have local partners in the markets our investors are interested in.To Your Success!

The right mortgage partner helps you avoid mistakes and positions your portfolio for growth.You’re on the right track, and the way you’re evaluating this STR shows you’re thinking like a long-term investor setting up your next profitable move.

It also helps to have a clear operating agreement outlining contributions, profit splits, decision-making, and exit strategies upfront to avoid conflicts down the road.

If I had a solid rental property with reliable long term tenants cash flowing I would be hesitant to sell and start over in an effort to avoid taxes.