Risk that you will short yourself by not maximizing your cost seg potentialThat said, when full-service cost seg is not economically sensible, DIY is a valid alternative

Address potential risks by explaining strategies like maintaining emergency reserves, purchasing proper insurance, and conducting thorough due diligence.

Did you purchase this property all cash? 

I joined the group and purchased the book earlier today.

Most commercial lenders do not require any seasoning for that entity which means that you can create an LLC and use that entity to purchase the property immediately as long as you have the proper documents.

FHA loans require living in the home as your primary residence for 1 year after purchase.

I'm 23, and I'm looking to purchase my first rental property this year.

Is this purchase on the MLS or through a turnkey company? 

You purchased the home as your primary.

That said, I do this with a a few investors on rentals since I'm a Realtor and Property Manager where I am boots on the ground for purchase, rehab and lease-up, however we had a strong professional experience/life together before partnering.Lending will also be a consideration as most lenders are hesitant to lend to non-citizens given the foreclosure challenges it can pose.