It sounds like an incredible resource, for $200 having a fully designed materials and fixtures schedule to pair with a labor only GC or a GC that can work well with a prescriptive materials schedule. https://ivoryhome.co/predesigned-packages/Just curious how other people’s experience has been.

Now more than ever, I am seeing offers required to be submitted through a portal where the listing agents want no business being involved with up front negotiations.

You can put your license in referral at most brokerages and pay no fees and still be able to do referral business.

Thank you so much for taking the time out of your busy schedule to post this. 

Furthermore, you will have some passive activity loss limitations to deal with, presuming that you do not qualify for the "Real Estate Professional" designation in the next two months.

Albuquerque is already such a wonderful place to live and do business so I am all for anything that will make it even better.  

My mortgage will be $2,005/month, and I’m budgeting up to $600/month for utilities, leaving a potential monthly cash flow of $995.I also set up an LLC and a business account to track rental income and expenses.Questions:Do you have any advice for me as a young real estate investor?

It's been so bad here, that I bought an STR in Indiana with another business partner in 2024 because there are minimal opportunities here - unless you have the ability and budget to extensively source off market properties here.  

You can do this with almost any business, as long as you are bringing in the clients, leads, deals and etc..

I agree that is will be a gamble as to how well it will do.Also, ask the owner if they will entertain partial owner financing to keep from dragging family and friends into this risky business venture.Maybe even rent from owner for a year with right to sublease to see how it goes before committing to a purchase.