Make sure to do your due diligence when selecting a property management company to hire.

If you have high holding costs (financing, taxes, insurance, utilities, etc.) the longer you are holding the less money that you are makingSelling profitably - How long will it take to sell?

This was my first investment property and I had a poor inspector who missed all the electrical and even though the roof had about 5 years left my insurance company made me do that.

When you start, the company may give you a small existing portfolio, but then you'll have to maintain & grow it to make a decent living.You could also work as a leasing agent at an apartment complex.

As noted above, up to 50% of gross rental income normally gets eaten up by expenses (taxes, management fees, utilities, landscaping, repairs, capex, etc).

First, it fast-tracks your learning as an investor - you are forced to develop better time management skills, build your network of reliable contractors/ handymen, etc..Second, when you are ready to transition to a property manager, you are well equipped to evaluate and hire the right company.3.

The only information I had to go on was with the last Lender informed me so maybe it was specific to the company they were with.

Your mortgage company gets paid off first and then it's up to the homeowner to secure a construction loan to rebuild. 

Quote from @Garrett Brown: Thank you, it is from a company called OOD for the mirror house and then everything else we build around it.

I currently work remotely as a Manufacturing and Quality Manager for an AI infrastructure company based out of the Bay Area.