My current internship in Dallas is going very well, and I expect to be back in the city full time in the summer of 2026.

My fellow agent Jennifer Flynn is great in handling rental properties...she can get you tenants and manage your monthly activities well.

Quote from @Duane Richards: @Sundone Boutvyseth I also did a 10% on STR in Florida last year, it's worked out really well, but went through a national lender.

A knowledgeable attorney can advise here.Create a solid operating agreement: Since you own the condo with a friend, a clear operating agreement is essential to outline responsibilities, decision-making, and profit-sharing for the LLC.To save on costs:Look for real estate attorneys who specialize in investment properties and might offer package deals for the retitling, operating agreement, and filing the LLC.Shop around for title companies that can handle the transfer smoothly and provide competitive rates.Research DIY options for setting up the LLC if your situation is straightforward, though I’d still recommend a lawyer for the transfer process itself.Good luck with the process!

I have a few areas in mind that would appreciate nicely as well in the Phoenix/Scottsdale/Tempe areas. 

Timelines, budgets, quality of finishes, they all need to go well for your exit and if your in bed with a GC that only cares about himself then all those things will not go right for you, but he'll still get his money.People really underestimate the following:1) The cash they need to close and carry the project2) How hard it is to have a GC stick to what they promise3) How long it may take to exit through a sale

Rents continue to climb as well but likely not enough to keep up with increasing monthly mortgage payments when considering interest rates and soaring property values.There are 2 main schools of thought when considering investing in an expensive market like Long Island.- Robert Kiyosaki, Grant Cardone, and similar thinkers believe its best to invest in markets with higher cashflow while renting where you want to live.

I think asset prices will continue to grow, areas where millennials can buy affordable real estate will be where I'm setting my sights on.  

Excited to meet you and the potential to get a REI meetup set up. 

Getting pre-approved, networking with local investors and agents, and understanding LA’s market challenges will set you up for success.Good luck!