If you like stocks and don't have a lot of interest in building a portfolio in MN there's no point in keeping.

Along with your list, consider building a local team in each market to make managing your STR easier.

When your content is helpful and tailored to their needs, it builds trust and positions your business as the go-to expert.

And start the tedious process of building those relationships.Or you could skip all that and find a mentor that also has the community of likeminded people.It will take you less time but is likely going to require an up front investment.Btw have you done a deal yet or would this be your first?

Real estate is not my of my knowledge base at all but I want to start working on building passive income now (I’m 44). 

Given that my unit is sandwiched between two others, could this be a structural issue affecting the whole building?

The area’s limited number of apartment buildings means that many renters prefer single-family properties, creating steady demand for these homes.Happy to chat further if needed.

Do the math at a 6% loan rate.There's a reason many apartment buildings have been converted to condos and sold.

The general idea is that you must acquire an interest in real property you do not already own, and since you already own the subject real property you want to build on, the transaction must be structured so that you are creating an interest in real property you do not already own (in fact, it does not yet exist).

I do generally agree that once someone has their person, they are not going to be very open to switching. but if you can prove yourself with someone building that team, you may find yourself in a great position.