It was a fun realization so I thought I'd share it here.I purchased my first real rental 11 years ago off the MLS for 108k (put 20% down).

My son is hinking about getting it so I am trying to do some market research.Thank you

We source off-market deals, manage rehabs, and handle property management so investors don’t have to be local to make it work.If you’re thinking about BRRRR remotely, the key is getting your team dialed in before you buy.

He is versed in all things REI and was even a guest speaker at the local REI meet-up a month or so ago about all the different options he can offer.

They were so good I was exceeding my own projections.

I think we are competitively priced, so most of out tenants have been renewing, but we plan to test higher rents in 2025  for our larger apartment buildings to account for the steep increase in insurance prices.There have been A LOT of new apartment buildings put up recently in the Cedar Rapids metro area, so depending on the class of tenant you have, maybe that could account for some of softening you are seeing? 

I would think something much north of 18% or so would be illegal, at least in Texas.

The property is in pretty rough shape so we're planning on renovating before renting.

Quote from @Catherine Ding: My PM company is offering to do it for a high fee of $100/month so I'm trying to find alternative options.

My first investment property happens to be my first home purchase, so my questions are hopefully basic for anyone experienced here.