Then let appreciation and principle pay down come into play to get you up to 30% or so.Most people here on BP will push for self management, myself included.

To maintain profitability, it's essential to carry out in-depth market research, closely monitor remodeling expenditures, and do due diligence on prospective properties.Preliminary Advice for First-Time Investors:Become knowledgeable: By reading books, listening to podcasts, using internet tools, and connecting with seasoned investors, you may keep up your real estate investment education.Start modest: Start small and increase your investments gradually as you acquire confidence and expertise.Network: Make connections with other investors, real estate experts, and mentors who can offer advice, encouragement, and insightful perspectives.Make a good plan: Make a thorough investment strategy with precise objectives, deadlines, and exit tactics.

Whether it's related to strategies, challenges, or principles that have shaped your success.

Your plan should be in line with your risk tolerance, financial objectives, and the state of the market.

While the general principles regarding LLC ownership, asset protection, and taxation may apply universally, specific legal requirements, regulations, and tax implications can differ from state to state.Good luck!

The IRS as stated that an investor may not use a 1031 exchange to purchase property from a related party when the objective is primarily to avoid tax. 

Making judgments and gaining important insights from experts with experience in your target market may be achieved through networking.You may confidently evaluate your possible investment and choose the best course of action for your financial objectives by carrying out extensive due diligence and making use of the information and tools at your disposal.

I'd send the tenant a written notice (email is fine) that clogged drains will be on them if caused by objects dropped in the drain.

Your criteria should be as objective as possible and cannot discriminate against any protected class.  

Perhaps you can turn other assets around through zoning changes etc. but that's not the case with single family flips where the objective is to be in and out in a short period of time.