EDUCATE YOURSELF - yes, it will take time, but will lead to a selection that better meets your expectations & avoids potentially costly surprises!

Past success is a good indicator of future performance. understand the risk if the project takes longer or costs more.

I recently backed out of a deal out in Harrisburg due to being in flood zone, I was informed by my realtor that it costs $1800/yr flood insurance policy alone.

If you are worried about out of pocket costs, see if maybe a rehab loan is an option to get everything needed done now and refinance in 3 months when everything is complete.

Look at all of the costs and then all of the revenue and make a decision based on that. 

- Run a cost segregation study on this property in 2024 and you might have $100k on line 18...Without diving too deep on this post - If you run this scenario as a real estate professional while materially participating in the property, You'll be able to reduce your's and your spouses taxable income that year... 

When I have some free time, I'll research other options that won't cost a fortune for the small guy.

Understand the fees involved and calculate the total cost for an entire year of management so you can compare the different managers.

(I'm non confrontational)The plot has a native American burial site, which we spoke to a tribe member and gladly let them onsite for rituals and practice. 

Can try to reposition to Class B, but neighborhood may impede these efforts.Vacancy Est: Historically 10%, but 15-20% should be used to also cover tenant nonpayment, eviction costs & damages.Tenant Pool: majority will have FICO scores of 560-620 (approaching 22% probability of default), many blemishes, but should have no evictions in last 2 years.