You'll find the most success in a place you are familiar with and where you can build a solid team.

Hi David, If building long-term equity and scaling quickly are priorities, then option 2 aligns better for you. 

Hey Michael, It's a 6 unit building and the winter has been mild so far here in Chicago *knocks on wood*.

Quote from @Lisa Albright: Hi All,Newbie here, just a quick question we are building an addition on our second home, we have a primary residence, and two rental properties.

I contacted the city to get all permits and the only one was one that my contractor got that I paid for.

Basically common contract or agreement law.

As a beginner investor based in the Seattle metro area, I'm eager to learn from your experiences and share my journey as I get started in this field.My current strategy is to focus on live-and-flip for the first three deals (looking for my second deal) to gain hands-on experience while building equity and learning the ins and outs of renovation and the local market. 

As a licensed contractor, I can provide insights to make sure you’re getting the best value and quality for your project.

About to close on a 10+unit apartment building and my wife and I would like to self-manage as much as possible, as I am local. 

Depreciate 75% of the building value (excluding land) over 27.5 years for significant tax savings.