Risk Assessment: Consider vacancy rates, potential repairs, and unexpected expenses.Once you're comfortable analyzing a few deals, you’ll be in a great spot to pull the trigger on your first property.If you need help with financing or want advice on what options might work for you, feel free to reach out.

Wouldnt surprise me if some of the large multinational banks have programs for this kind of scenario.

Look for a manager who’s upfront about all potential costs, so there are no surprises down the road.Communication is Everything:A reliable property manager should communicate well—not just with you, but with tenants too.

I'm surprised I haven't seen any talk of this in the forums (or maybe I just missed it).

Many agents will walk you thru that so you don't have huge financial surprises a year from now.#4.

EDUCATE YOURSELF - yes, it will take time, but will lead to a selection that better meets your expectations & avoids potentially costly surprises!

Hi Sean,Both fix-and-flip and buy-and-hold strategies have their merits, and choosing between them often depends on your goals, risk tolerance, and market conditions.Fix-and-flip can provide quicker returns, but it's highly market-dependent and comes with risks like unexpected renovation costs and market fluctuations.

I guess I’m kind of surprised that no one else is operating this way.  

Maybe join a real estate group like Unexpected Investor and get wisdom from other investors and most importantly like Nathan said take action. 

No one knows what's going to happen in the future but I would be surprised if we saw it go below $10K ever, from here.