It's probably not that much additional overhead, but since we're new to managing remotely I figured it might be best to follow the KISS method as we get started.

Then, with reasonable confidence you can estimate costs.I personally don't love the square foot estimating method for remodeling as I think it is an easy way to lose.

For instance, if you are renting homes at $2,200 per month and decide to raise the rent by 3.99% (bringing it to $2,287.78), the likelihood of tenants moving out is generally low, especially if the market supports that price.Best of luck in your property management journey!

Find Brandon's videos on YouTube for the "four square" method of analyzing homes and practice.

A 14-50r plug was always the preferred method, especially before the world woke  up and switched to the Tesla charging standard.

Best of luck on the journey! 

Quote from @Renee Pohle: Please talk to an attorney and create a strong partnership agreement that includes a method for parting ways.

Just keep in mind, the costs of setting up and maintaining an LLC and the bank account that goes with it, not exorbitant but important to consider.I'm not a CPA or an attorney, but I would suggest taking the time to diligently put together a trusted team to facilitate your long and successful investment journey!

I am a young investor that got the opportunity to make a big jump in my investing journey.

Great tools that get updated regularly.I am on the lending side of things and would be happy to hop on a call with you anytime to discuss financial strategies and help answer any questions you may have about nearly any loan product available to help you on your journey, even if they are not products my capital partners offer.We are all here to help you learn and grow.