Columbus has been one of those markets where we're seeing great opportunities in the small multifamily space.

I allocate 20%-30% of profits for growth while keeping enough for emergency reserves.Plan for Taxes EarlyDon’t forget to set aside funds for taxes.

and if you buy something that's occupied and needs work, again, it might be a great opportunity. 

There are plenty of paid opportunities. 

There should have been change orders alerting you of the additional charges, which would have given you the opportunity to make budget decisions.Check your management contract and check all your conversations with the PMC.

As you get more experience, scaling up to larger properties will open up even more opportunities.

Learning from agents commonly working with investors is your next opportunity to find a mentor.To be honest, I wouldn't try to find a mentor from random investors on the internet.

Not sure, but I don't see interest rates coming down much in 2025.There are always opportunities if you look for them, no one will like bring them to your front door on a silver platter.It seems like when you aren't looking for opportunities they do present themselves.Kinda like it's easier to find a girlfriend when you already have one.

Professional tenants can smell an opportunity from a new landlord from a mile a way. 

@Drew Sygit The verbiage in our management agreement is as follows: make, contract, and/or supervise repairs, alterations, and/or decorations to Property; to purchase supplies and pay billstherefore; Broker agrees to secure the prior approval of Owner for all expenditures estimated to be in excess of $500.00 forany one item, except monthly or recurring operating expenses and/or emergency repairs in excess of the maximum, if inthe opinion of the Broker such repairs are necessary to protect the property from damage or to maintain services to thetenants as called for in their leases; in the event that Owner is unreachable after multiple contact attempts for more thanforty-eight (48) hours to approve a repair in excess of the above amount, Broker shall be considered authorized to makesuch repair.I've been contacted about high ticket items in the past but these "make readys" are done without approval.