This is my first investment property.

@Sephr BemanpourRecommend you first figure out the property Class you want to invest in, THEN figure out the corresponding location to invest in.If you apply Class A assumptions to a Class B or C purchase, your expectations won’t be met and it may be a financial disaster.If you buy/renovate a Class A property in Class D area, what quality of tenant will you get?

One lender hit one of my clients that I was doing a JV with... for 800 dollar property tax monitoring fee.. really on a 12 month loan.. but what happens is borrowers just focus on the points with no clue to the junk fee's  or using brokers who add fee's and points on top of the actual lenders fee's again bait and switch.

I'm thinking about hiring a company to create, and manage social media pages as well as do some paid advertising on the social media platforms.

The city recently inspected the property and determined that a converted garage was poorly constructed.

The long term goal at the subject property would be to add an ADU to the large side lot and have 2 units OR sell and purchase duplex/ 4plex. 

Housing violations, lead remediations, FHA lawsuits, Personal InjuryEven property managers shouldn't do it.

However, we are now looking into renting the property (single family home).

Turnkey is a system - rehabbed property marketed and sold by a company who bakes the property management into your future.

What is considered a good goal for return on equity in a property?