When I asked my agent about options to back out, he didn’t really offer any advice.

I'm planning to put in my first offer on my first rental on a SFH in Kansas City in the next day or two.$140k offer8% interest rate20% down8% management fee5% vacancy5% maintenance 5% cap exI haven't gotten insurance costs yet but it's been suggested that I plan for $2k per year. 

When you go to a Bank or Credit Union, they can only offer you what products that bank or credit union offer. 

This just protects our investment until probate is finished.Get creative with your offers you never know what will interest a seller.Have a conversation and find out their needs if you can before making offers.

Additionally, many deals tend to fly under the radar, so networking within organizations like NARPM (National Association of Residential Property Managers) can help uncover opportunities.If anyone reading this is considering selling their property management company in Texas, feel free to share—I’m genuinely interested in connecting.

A successful rental property should offer positive cash flow, meaning your rental income should exceed your monthly expenses (mortgage, taxes, insurance, maintenance, etc.).To find the right tenants, ensure the property is priced competitively within the local rental market.

Start with BiggerPockets Ultimate Beginners Guide (free).

The market is somewhat competitive, with homes receiving multiple offers and selling quickly, but there are still good opportunities with strong cap rates and value-add potential.Advantages of investing in a Rochester multifamily property:1.

Feel free to inquire about their staff qualifications if it's a larger organization.2.

With that being said, there's very few that will do <$100,000If you don't find a local bank/credit union to do it for you, feel free to PM me