You do need to have a little mechanical ability but utube will teach you.

It varies from community to community. if the property is pretty well maintained and newer mechanicals you can adjust your budget for less to set aside for repairs.

Meaning...what CURRENT condition are the mechanicals, roof, windows, etc?

On the side lot are 2 full mechanic shops.

I would grab a domain name for the future but having a web site as your only mechanism to drive bookings is worthless.

If the property is turnkey i.e. fully rehebbed with all major items like roof, plumbimg, electrical and mechanicals etc. updated you may need very little cash reserves at least initially for a few yrs so you mighe be ok.Having said that I would recommed having some cash as reserves or have way to pay for things in case if something comes up with the rental or in your personal life for that matter.

I am a Mechanical Engineer in the DFW area.

I'm good at most mechanical and carpentry stuff, that's pretty straightforward measure, cut, assemble.

Hello to all, new member checking in here.I’m a mechanical engineer by trade, working primarily in the industrial automation and robotics industries.I’ve been on the fence reading/listening/dreaming for way too long learning about various investment opportunities and am ready to take a leap into real estate investing.I’m most intetested in multi-family and possibly note investing with some IRA funds to start.I’m looking to start building a network in this industry and creating a life with more freedom for myself.Thanks for reading.

You should also consult with your attorney on ways to minimize the risk of a Mechanics Lein going against the property (happens often if the General Contractor does not pay the subcontractors).