You certainly want to vet your property manager to ensure they are focused on balancing asset protection with tenant satisfaction.

Ensure the sublease is explicitly permitted in a written agreement with your friend and aligns with local STR laws.

But, someone who has saved their first $25K on the road to becoming a millionaire ensures they go nowhere fast by attempting to allocate $2.5K across ten different investments.

Creative financing options like seller financing and partnerships can help build a successful portfolio.Good luck!

Ensure that you check your state's regulations and requirements regarding security deposits.

Early on, rents would remain market-aligned to ensure the portfolio generates the income needed to cover expenses, pay investors, and reinvest in expansion.

Are there specific steps or systems you follow to ensure it’s done correctly?

I tell people if they can match their current rent or do better then it's likely worth it, but you may need to get creative on the cash flow part if you only plan on living their a year or two.

Im working on getting a duplex within this month using creative financing.

Looking for a creative way to either turn my current property into a rental or a flip or any other way to make a profit.