That’s when I transitioned to multifamily properties—where owning multiple units under one roof maximized cash flow and long-term returns.To support my growing portfolio of fix-and-flips, wholesale deals, and rentals, I started a construction company.

For liability reasons, if something should happen while renting to others, lawyers and insurance companies are very good at 1. trying to assign liability to make a claim or 2. avoid paying on one.To Your Success!

Maintenance and potential repairs will also require a long-term financial plan and setting aside a contingency fund for such expenses.The steady cash flow, appreciation over time, and tax benefits can make a meaningful difference to your wealth in the long term, especially with the principal paydown on the mortgage.However, if managing the property from a distance feels too burdensome, or if you’d prefer the certainty and flexibility that comes with having less debt (especially given the high mortgage rates), selling and using the $100,000 in equity to reduce your loan for your next home may be the smarter move.

And thoroughly vet the company and operators.

Please feel free to give honest thoughts on realistic returns, and if anyone has any recommendations of property management companies that will give honest guidance, that would be greatly appreciated.  

I've used a third party management company for all of them, and have not seen any appreciable difference as far as how passive they are.

I have done quite a few different things, one of the best to find out who is doing the most volume is go onto good and search for the "we buy houses companies" in the area you are looking to invest.

I would suggest look for a property management company to manage the property for you and slowly increase the rent yearly before selling.

Originally posted by Alison Robinson:Hello all,I am in immediate need of a Commercial/Residential Property Management Company representing owner-landlords on the South side of Chicago.

Like Having a great base of index funds and a fully funded IRA before throwing savings into crypto or the newest AI quantum-powered dog walking business!