Early house hackers often start small, learning property management firsthand.

Account Closed is extremely knowledgeable in the Rochester market and can provide more insight!

You also need to account for taxes, insurance, HOA dues and management fees. 

I have recently been applying to jobs that teach and train real estate agents to wholesale, looks like it could a good opportunity on account that they have the capital. 

Hello @Amanda Skipper,While there's no better way to truly get a feel for a market than by being on the ground and exploring the neighborhoods firsthand, I want to assure you that investing remotely is absolutely doable—and many successful investors do just that.In fact, I know several investors who have built substantial portfolios in Memphis, and they’ve never physically visited the city, and they've done so successfully by leveraging local expertise, market data, and a solid support network.

The entire reason I hired a company is they are the experts and I expect them to take full accountability of making sure I am in the know and 100% compliant.

Very encouraging account of your real estate investing career and motivational as well.

This is really a better question for your accountant first because it depends on what you are trying to offset.

We use DealCheck to underwire and QuickBooks Online for everything related to accounting and numbers.

It's a strategy that has proven effective time and again.Five years is a solid timeframe to account for market fluctuations and ensure profitable sales.