I am talking in general, especially for investors successful enough to park a few hundred k not leveraged at those returns.  

I currently have a bank account dedicated to my first property which I hold in an LLC, and I'm planning on paying out of pocket for the start-up costs initially but I wasn't sure if creating new savings accounts under my first LLC's Bank constitutes a comingling.

@Martti Eckert how do you plan to find reputable contractors that won't take advantage of you when they find out you're OOS?

While I don't believe that you need a full blown business plan, strict operational budget, timeline, scrum board, etc...

Are you planning to more projects like this (or maybe BRRRRs) this year?

Initially, our plan was to fix the drywall leaks, clean out the property, and relist it for a small profit.

I bought 6 unit property in Wildwood,NJ,in November 2024, doing rehab now, should be done by May 2025I am planning to subdivide 6 unit building to 6 separate condos and sell fall 2026, , if there are any experts in 1031 that can help me?!

go to local meetups, they should have some here or try meetup app or eventbrite. continue to network and that can help you execute your plans.

Hey Helena, I know we've already chatted but you should check out this BP thread about us:https://www.biggerpockets.com/forums/311/topics/1184140-plan...

In the Houston and Katy markets, prioritize cash-flowing properties that can withstand current high interest rates, and plan to scale by reinvesting cash flow or refinancing when rates drop.