One actionable step is to ask the seller for the current insurance, utilities, repairs, and actual year to date P and L so you can add real reserves and a management line and see if it still clears your minimum DSCR.

Comgrats Oran in taking the first step to get into real estate world.

It's never straightforward it's alway two or three other steps to do it right

It is probably the most important decision you need to make to get clarity on your steps after that, because buying in Denver vs Minnesota will likely be 2 very different things. 

So if you or anyone want the full picture and always have a team of 22 plus onshore analysts to call upon on each and every step of your projects, then feel free to contact me.

A custom GPT is with you step by step and unlike a human side-kick it does not forget anything and does not get influenced by feelings.

It’s all about small, smart steps early on!

Steps 1 and 2 are slow.  

It seems like a talk with your PM would be a good first step.

The numbers we’re seeing: Turnkey duplex~6% cash-on-cashStable rental areaMostly banking on long-term appreciation + buying localSelf-managing  My goals: Learn operations/management hands-onIntroduce tech and systems (property management software, digital leases, automated rent collection, better bookkeeping, etc.)Eventually scale into our own LLC and grow the portfolio  Since this is my first real step into investing, I’d love some feedback from those who’ve been through something similar: Does this seem like a smart way to get started?