Most can provide a rental report to see how much properties are renting for in your area and how long properties are staying on the market. 

On the surface, it might seem cheaper to hire a PM company, but when you factor in vacancies, maintenance, and under-market rents, you’ll likely come out ahead by managing it yourself.I used to work for a local investor with 500+ units, all in one town.

Be careful when you select entity types.A pass-through entity in the United States, such as an LLC, may not hold the same characteristics in Canada.What market are you looking to invest in?

What was your process to lock in on that market? 

I'd recommend speaking with local specialists in your target market to look at multiple investment options side-to-side.Lastly, some of my clients have been encouraged to stay away from HELOCs unless they expect a lump sum (inheritance, sale of other asset, bonus, etc.) to pay off the HELOC in the next year or 2. 

I have looked at other coastal markets that are less expensive than Charleston proper.

If you can get in before a property hits the market, you can often negotiate a great win-win deal for everyone. 

Detroit is a market where local have a strong competitive advantage over non-locals so you want to use that to your advantage.

Bham is a great market.

Here’s our OPINION for the Metro Detroit market (use as a template for your target area!)