Investing in a property that’s already renovated, rented, and professionally managed could allow you to start generating passive income immediately without the added expenses of house hacking.What’s most important for you in this first deal—cash flow, appreciation, or long-term stability?

Renovation of commercial buildings and the challenges they encompass to become profitable assets to hold within portfolio.

STR Property management is common and I know a lot of folks doing this.  

AMH4Rent dumping their TX portfolio, just do a search in Kyle and Buda). 

For the majority of the properties we manage for our clients, we pass the yard responsibilities to the tenants.

We onboarded a hoemowner to our property management team in West Palm Beach just over a month ago.

The next house we bought, we definitely made sure not live off of a busy street lol.My suggestion, talk with a property management company. 

Now have a portfolio of 6 properties with some that are owned others just managed but turn key operation for sure. 

I personally do my owen  management so I can't recommend anyone.

You can hear real-world examples of how others have built their investment portfolio and (hopefully) learn to avoid their mistakes.4.