Achieving a great cashflowing property, learning the process while executing, and great satisfaction of helping a family.

It's an awesome way to jump into RE yes its scary at first but as long as you have a criteria going in it eases some of the emotions during the process my biggest thing was lower my cost or keeping it the same.

-I hired a new property management company (@Todd Burton and IPM THANK YOU!)

What process reduces the payoff by 12 years?  

If you're lucky, you'll get some money from him and can consider it a bonus.I recommend you tighten up your process.

We want to detail the responsibilities, capital contributions, profit and lost sharing percentages, decision-making process, have dispute resolution methods, and exist strategies.

Determined to avoid such mistakes in the future, I earned my real estate license to better understand the buying and selling process.

We had a mentor guide us through the process.

.- Once your time is more impotant to you then the cost of a PMC, you can hire one.2) Hire a PMC to guide you on your first rental and learn from their expertise.- You can buy additional properties and DIY manage those, perhaps leaning on the PMC for any issues you're not sure how to handle on your own.Good luck:)

As an agent, I personally would love to hear your thoughts on how the implementation of AI will affect agents system processes or how it already has, however I would love to hear about it's impact in all facets of real estate.Apologies if this is a repeat post, I haven't searched much on the forums for this yet.