Look for undervalued properties.Network: Connect with local real estate agents, contractors, and other investors for insights and deals.Analyze Properties: Use the 1% rule to evaluate potential properties (monthly rent should be at least 1% of the total investment).Secure Financing: Explore different financing options like conventional loans, hard money loans, or private lenders.As for timing, if you can handle the extra responsibility, starting now could give you a head start.

If you have a taxable income of $50K and convert $60K to Roth, which adds to your taxable income, making your total taxable income $110K, how do you pay zero in federal taxes?

Understand the fees involved and calculate the total cost for an entire year of management so you can compare the different managers.

A house is a totally different story.

So when the out of state investor needs to sell, the only way to do so is at market price, which can often mean a total loss of their investment, or sometimes even more. 

I recall that you're in another deal where you invested $300k, got back $12k total over two years and there are zero funds on the horizon.

Total debt is $2,433. 

I was involved in two small infill developments in Michigan (about 15 houses in total) so two very small parcels. 

Hey Ken, yes, total net profit is $25,000.Closing costs, holding costs, closing costs .  

Don't rely on algorithmic platforms to set your rates, go directly to VRBO and Airbnb and look at your nearby competitors.