You can have a PMS like Hospitable with custom auto messages and AI assistance to answer.

- How do you protect yourself from potential pitfalls (e.g., vacancies, market shifts)?

They handle:Monthly Payment ProcessingEscrow for Taxes and Insurance: They ensure property taxes and insurance are paid, which is essential to protect your interest in the property.Record Keeping: They also maintain records, which can be invaluable if any issues arise during the term of the loan.ConclusionGiven the details of your property and the $200,000 sales price, a possible scenario could look like this:Down Payment: 10% ($20,000)Loan Amount: $180,000Interest Rate: 8%Amortization: 30 yearsMonthly Payment: Approximately $1,320 (principal and interest)Balloon Payment: Due in 5 or 7 years (this allows for refinancing or payoff while giving you some flexibility).These terms are flexible and can be adjusted based on the buyer’s credit, down payment size, and negotiation.

Or you could do a personal BRRRR, so you are the customer and control the customer response. 

Impact: Builds long-term customer loyalty.

SROs are close-quarters living, and the law is written to help protect all the other tenants, giving the property manager a strong tool to manage problems.

This can protect your other investments should you have a loss in one.

Once you’ve built enough equity, refinance and pull cash out to acquire more properties.Leverage Knowledge: Learn about tax benefits, depreciation, and using LLCs to protect your assets as you grow your portfolio.If I were your age, I would’ve networked more with real estate investors early on and diversified faster.

Don't have to be on the deed even to declare it your homestead.It may be splitting hairs, and I may have been unclear in my initial post, but I believe homestead laws are designed in part to protect non-title holding spouses, so if the new wife moves into her husband's house he cannot sell or mortgage without the wife's consent nor can it be forced to be sold to pay involuntary creditors (as opposed to voluntary creditors such as mtg/DOT lenders). 

Alongside this journey, I’ve started my own car detailing company, which has given me a solid foundation in business management and customer service.