Up until now we have been using Evolve vacation rental to “manage” our properties and to cut a long story short, we are ready to take it on ourselves in order to scale our business.

My simple math suggests that you probably have to shell out $600k in cash (25% down + furnishing, travel, and make ready costs) for the privilege of losing $1,000-$5,000 per month.

I have liquid funds ready, but I want to make sure this is worth my time compared to the 5-6% cap rates I've seen on multifamily units in South Florida, which are close to what I already get from CDs and high-yield savings accounts without the hassle of property management.I'm also hesitant to invest out of state since I'm new to real estate and don’t want to make a costly mistake.

If you're considering scaling your portfolio, what loan features matter most to you – lower interest rates, flexible terms, or higher loan-to-value ratios?

In my market the summer months are the hottest months for tenants to move so if I were you I’d just plan to have it ready to put on the market by the end of school season which likely means you’d need her out March or April which I don’t think is too big an ask on your part.

you have to find an off market deal that is distressed but not too distressed, buy it and close on it, have a contractor that you trust lined up to rehab it, oversee the rehab to be sure it stays on track, get it rent ready and then rented out, and then / in parallel refinance.how will you execute those steps in any market? 

I plan to stop being an athlete in 2-3 years and turn into a full time investor/developer , Im ready to learn and put the effort in it. 

@James KieferThere are many REI opportunities in different markets - markets in the Midwest and Southeast of the country are great - where not only are the purchase prices reasonable for most RE investors, but the homes are turnkey (new builds or completely rehabbed homes, tenant ready, systems 10 years of life remaining on them, property management teams in place) with appreciating home value AND appreciating rent.

I am ready to take on my first fix and flip and have seen a few properties with a realtor I really like.

After an hour of conversation, he agreed to our cash-for-keys arrangement, provided he had two weeks to get ready.