At least now your tax basis is $220k ;-)  What was the extent of the repairs?

If not, any lease to own lenders for income generating buy and hold deals?

The house has appraised for $335k, my hard money note is for $242k, and I'm looking at only about $15k out once closing costs, taxes, and insurance are accounted for.

They don't pay the same taxes a citizen would pay.

Our team’s handling stabilization, so it’s basically turnkey—perfect for someone who wants rental income without the chaos of a fixer-upper.For those of you who’ve made the leap from SFRs to multifamily, what was your first deal like?

That leaves $400 to cover taxes, maintenance, vacancies, etc.Now, let's pretend ALL your expenses come to $2,600 and you have $400 left over.

You’re smart to vet carefully—horror stories often stem from managers who don’t align with an investor’s vision.If maximizing income and stability matter as you scale, my hybrid co-hosting model could complement a manager’s work.

You can dig into cash flow projections, tax benefits, ROI calculations, etc.

The other factor that's relevant for me is that my husband is a high end W-2 wage earner and we could greatly benefit from the potential tax benefits of actively managing the property. 

Pacing yourself is key, especially as you get hands-on experience managing maintenance and tenant dynamics.Since you have a strong W-2 income, you're in a great position to leverage creative financing options as you grow.