You could test the waters with one or two rehabs, see how they perform, and then decide if a full transition makes sense.Leverage Your Skills:With your contracting experience, you can save significantly on rehab costs and add value quickly, which might give you a better return on investment compared to the time and effort spent growing the IT business further.Final Thoughts:Ultimately, it might come down to where your passion lies.

unfortunately, they're not great at generating immediate, W2-replacing cash flow, even if you paid all cash, which is also something i would not recommend.if you want to dip your toe in the water and buy one - great. 

I used to live in a condo and had some wall damage - water was clearly getting in.

-Unless the garage already has electric and water connections, that's an important and expensive item in the SOW.

I wanted to ask for your help in getting our group out there. https://www.meetup.com/north-country-real-estate-investing-c...https://www.meetup.com/north-country-real-estate-investing-c...https://www.biggerpockets.com/forums/86/topics/1204648-water...

Tenants pay for gas and electric, owner pays for water.

For example where does water drain on the property.

I painted it, redid the floors, put on new doors and hardware, fixed all the existing issues (leaks in roof, toilets not working, sinks leaking, water damage on exterior and upgraded the panel to a 220V) What was the outcome?

There is significant water damage in the kitchen and also mold (possibly from over time, but not sure).

I'd just run your numbers on the new development i.e. how much can you get land for, building permits, water/sewer hook-ups, etc.