. - We always recommend buying your first rental locally if possible and DIY managing to learn as much as possible before investing OOS.2) Lots of crooks and incompetents in the PMC world:( They both cost you money.- As already stated, you'll have a small portfolio.

Quote from @Paul Whitehurst: Many will tell you to borrow money from Property A to purchase Property B, but that's known as over-leveraging and not recommended for a newer investor.

@Daniel Carrillo if you have not connected with @Jackson Harris already, I would definitely recommend connecting with him and his partner @Jeremy Holden.

A good real estate accountant can save you thousands of dollars by leveraging entity selection and formation, tax deductions, cost segregations, bonus depreciation and tax planning.I recommend finding an accountant who specializes in real estate taxation, business taxation, financial planning and tax planning.You may want to consider working with your accountant remotely to expand your options.I would also recommend looking for a accountant willing to work with you throughout the year.

I'd be more than happy to provide you with a couple recommendations if you need?

Someone recommended a small lending company to get a mortgage for a buy and hold property.

BP is full of great content, so I strongly recommend you to have a look at the following resources: 1.

We have a VA so she does all the tagging and I ask her to export it from Baselane, into excel, then I review it and give comments.Going Digital: Scanning and storing my receipts in real time saves me from searching for that one $17 plumbing supply receipt.

I would recommend instead, looking into house hacking if you want to get your feet wet in real estate.

Just be transparent with the sellers that you are licensed and for good grace recommend they use a realtor on their end, although not necessary.