Remember, the right property manager is a gateway to industry insights and local networking opportunities, much like the valuable connections you're making here on Bigger Pockets.Wishing you success as you embark on this exciting journey.

It is also likely that property insurance nation wide will increase substantially.Hopefully investors are performing conservative underwriting.  

I posted a bit about my experience here: https://www.biggerpockets.com/forums/88/topics/406311-jacksonville-fl---sfh-new-constructionhttps://www.biggerpockets.com/forums/92/topics/501414-data-points-multi-year-turnkey-performance-your-experienceMy property is cash flowing well. 

That is where I suggest starting as I've had some success.

I 100% endorse adding in the escrows for taxes and insurance to set the buyer/borrower up for success. 

It is virtually daily that i see purchases or considered purchases that appear to have no path to success.  

That property is now a reliable source of rental income and a constant reminder that success starts with taking action, learning on the fly, and embracing challenges head-on.

What are your goals for 2025 in real estate? Getting started, acquiring more, 1031, or unloading? I'm interested to hear about this due to rate hikes and optimism in the real estate world coming in the year ahead! 

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What I can say is that many physician + spouse combos have successfully done this and survived audits. 

We are currently at a 100% IRS audit success rate since we launched the software in 2016.