New member eager to learn

[Fred Karanja]

We have just decided to rent out condo out as the kids are no longer around. We would like to manage the property ourselves and perhaps get more properties to rent out or flip in the future. Here to learn.

[Corey Woodruff]

Good for you. That is an awesome plan to dive into real estate. Start with reading books, a good suggestion is the book on rental property investing by @Brandon Turner and abcs of real estate investing by ken mccelroy. When renting out your condo be sure to screen your new tenant well to make the renting experience better for you and also make sure to really analyze what your monthly expenses are going to be so you can save your rental income for unforeseen repairs or emergencies. Usually 50% is a good place to start if your expenses are in the 20% range your probably forgetting something. 

good luck 

corey