Once the municipal/state requirements are all set, do a thorough screening for any prospective tenants, have a solid lease ready to go, and take move-in pictures to have on record for any security deposit deductions after they move out.

Seek advice from experienced investors and ask questions for a solid foundation.Good luck!

Partnerships can be incredibly rewarding, but only when built on a solid foundation.

That neighborhood has low inventory, but very high rental demand and the tenant class is typically pretty solid.

Given your budget you can definitely find a great property in a C class neighborhood, whether you're looking for a turnkey property or something that needs light cosmetic work, your buy box offers a great possibility to find a solid first investment.

Since it came directly above your apartment, I can assume the leak originated from your unit unless substantial evidence proves otherwise.

It sounds like you have a solid plan with house hacking and using an FHA loan!

Hey Robert, It sounds like you already have a solid foundation and could jump in as soon as you're comfortable.

I've never done one of these, but I would reach out to someone like Jeff Watson for assistance getting solid paperwork in place.

Lastly, do some initial research on local STR rules and costs to prepare for discussions with your team.Building a solid team, including an agent and co-host, will set you up for success.