Congrats on owning your first home in North Port, FL and looking to take that next step into long-term rental investing.

@TJ Woolum - save your money (many will be glad to take it), rather invest your time and energy  to connect with the right people!

In reality, he’s managing your investment, and part of that responsibility includes transparency and accountability.At the very least, you should be getting invoices for any repair over a certain amount (say, $250 or whatever threshold you’re comfortable with).

It took little time to realize that New York, New Jersey, and similar states were not good for real estate investing.

Knowing the ARV clarifies whether investing further is worthwhile or if it’s best to exit now.If the ARV is high enough, you have several viable options:- Complete critical repairs (roof, foundation), incrementally update units, gradually raise rents, and potentially refinance later to improve cash flow.- Alternatively, complete the repairs and sell at top market value, maximizing your return despite the short-term headaches.However, if the ARV is too low and won’t justify the $50K+ in repairs plus remote-management stress, You might be better offer selling now, even at a loss.

If I were you, if you have a larger sum of money to invest with, I would stay in the 1-4 unit range and look more in A or B class areas that won't need much maintenance or management. 

The property manager is one of the most important parts of your real estate investing team, if not the most important, especially for an out of town landlord.You definitely have to manage the property manager and it can be an expensive lesson if your property manager is not performing.

Good luck & happy investing!

Looking for advice and suggestions for a Roth IRA Custodian I'm looking to roll over a traditional IRA to a Self-directed Roth by the end of the year, and use that for my investing.

MM$ projects with 25% ROI monthly payouts - payback with 25% ROI within 5 years Invest and payback gets you 100% vested in 50% of MM life insurance policy Invest and reinvest (partner) gets you 100% vested in 100% of MM life insurance policy