Simply put, many of these distressed properties were put under duress by the former owners financially, not necessarily the location.

What has your CPA / Financial advisor recommended?

That's a powerful advantage that many financial advisors might overlook.💡 Tax AdvantagesThis is where my tax brain gets excited!

Look up the courses taught by Justin Kivel, specifically the Pro forma modeling course and the real estate financial modeling boot camp.

Stay disciplined, focus on cash flow, and you could achieve financial freedom in 5-7 years.Good luck!

It's exciting to see your focus on building a real estate portfolio for financial freedom!

Great tools that get updated regularly.I am on the lending side of things and would be happy to hop on a call with you anytime to discuss financial strategies and help answer any questions you may have about nearly any loan product available to help you on your journey, even if they are not products my capital partners offer.We are all here to help you learn and grow.

Ask for historical financials and what adjustments were made for the OM. 

@Chris CoreYou're in a strong financial position, but since house hacking isn’t lowering your expenses in your market, it's time to pivot.

Not sure how many PMCs you've had bad experiences with, but we'll take exception to:"Then do a thorough research on tenant applicants (note: leaving this to a PM may be hazardous to your financial health)".BP seems to have more threads about screening mistakes by DIY landlords as opposed to PMCs.Now, if you'd have mentioned Maintenance, you'd get no argument from me:) Even the PMC industry acknowledges maintenance as one of the biggest challenges.Rereading my post, I kinda see how I sounded negative toward PMs.