Also, are you focusing on opportunities in your local market, or are you exploring other areas as well?

My partner and I have a couple units we manage as well in Washington DC.

After two years, if everything is going well, I might explore the BRRRR method.For now, I’m focusing on the Austin market, but I’m open to exploring other markets in the future.

👏Regarding subcontractor contracts, it’s essential to have a well-thought-out document to ensure clarity and protect all parties involved.

I have my personal emergency fund stored away in a HYSA, and am working to build up a15k property reserve as well, but am conflicted on where to keep that 15k. 

I am assuming that you have a well documented move in inspection showing that the caulk was in good condition when they moved in?

RELATIONSHIP WITH YOUR ADVISORS 🤝Good QIs:Work well with your teamRespect professional boundariesCommunicate clearlyStay in their laneRemember: The best QI relationships are professional, not personal!

You can indefinitely defer the tax and use it to purchase nicer property/properties, as well as not have to recapture any depreciation.

I have seen some offers from Main Street come through, which is one of the biggest hedge fund type buyers.I've seen offers from Offer Pad and Opendoor in the last few weeks as well.

I am doing by the room as well and it has been a struggle to find a pm that will manage it!