For you, it might come down to how much you value in-person relationships versus getting a higher yield and the flexibility of online platforms.

Use this rating and classification system I have created over time to get an idea of the "Class" for the area - A class B class & so onHere is my rating & classification for each livability score.80 and above A+78/79 A76/77 A-74/75 B+72/73 B70/71 B-68/69 C+66/67 C64/65 C-60/63 D59 and below F

Guy was a true pro knew how to run his bizz.the next year same town Hamilton MT.. terrible no info sheet when you got there so could not figure out wifi..one of those stupid TV systems U cant figure out RoKU i think they call it .. jsut the worse.. then this last year kind of middle of the road furniture was old beds were bad house was clean and that was about it..

Examples of pitfalls include purchasing in an undesirable area, not understanding the market values (vs. list prices), not knowing the rental values (current and market), inheriting bad tenants, buying a lemon, going rogue on renting and management with no contacts / systems / no legal understanding of PA and Municipal landlord-tenant laws, not having trusted resources and contractors in place, using out of state lenders or shaky financing, throwing lipstick on a pig when renovating a house and wondering why it's ARV isn't increasing, tenants are renting, etc.

**Analyze Your Finances:** - Use the BiggerPockets calculators to see how much cash flow you can expect from an LTR property versus an STR

The architect should also be the one making the submissions through the eclipse system.

I agree with Ashish, great pointing out that although creating a property management type system could open up capabilities for Solo 401(k) and SEP IRA contributions, it can be easier said than done.

Duplexes often have shared systems (plumbing, HVAC, etc.), so make sure these are in good condition.Maintenance Costs: Older properties may have charm but could come with higher maintenance expenses.

Sure there are people who have done it but like Joe mentioned above is why your rate on HELOC is probably higher than your first mortgage so you'd only do it if your balance is really low and near the end of your term anyway so you're just getting it paid off quicker (like the last 1-3 years of payments left) becaues you want to get ride of the monthly payment and improve your cashflow now versus later.

I decided that if I am to do this and put up with it I would get more involved with system to get a better understanding of their mind set.