He self-manages, is his own handyman and had to pull out the little equity he gained to pay for roofs and HVAC. 

In addition to finding and selling properties, they can also provide valuable information from the MLS.

I'm hearing folks say: "I'll call sellers once I gain more CONFIDENCE!"

Connecting with local investors, lenders, and contractors will give you valuable insights, support and advice as you move forward, and platforms like this are perfect for bridging the gap when in-person meet-ups aren’t feasible.

I spent 20K for a mentorship that hasnt given me a fraction of what i am gaining from being in the gator community.

That's when the STR focused apps become valuable.

Future AppreciationLynchburg’s market has seen about 5% appreciation recently (4.3% Sep 2024), meaning your property could gain around $110K in value over 5 years, helping to cover renovation costs.

Owner’s draws aren’t typically taxed directly, but any gain or capital distribution may have tax implications, especially if the amount withdrawn exceeds your basis in the LLC.4.

If you do not have data/comps to find out your post renovation value, that ads a huge risk, and makes the move less valuable. 

I usually hang out in the tax section, but I'm really interested in gaining more knowledge on the industry of property management.