However, some investors are fine with this strategy if they prefer to minimize their upfront investment and plan to refinance in a few years, especially with potential interest rate cuts from the Fed this year.At the end of the day, it’s all about investing in a growing market, selecting a solid neighborhood, and building a strong team to support you.

Just make sure to focus on market selection, financing options, and building a solid team—especially a reliable property manager.

Do you factor them into your neighborhood selections or do these projects tend to fizzle out in Philly?

In fact, even with my extensive experience, I choose to have all my properties professionally managed.Here's why:Tenant Selection Is CriticalThe most valuable service a property manager provides is selecting reliable tenants.

Right now most markets, it's wide.

I've selected Collin, Denton, and Grayson counties as my investment focus.My goals involve investing in small multifamily properties and long-term rentals.

They are far better at tenant selection than the average landlord that screens a few people per year.Efficient Rent Collection & Enforcement: I spend a ridiculous amount of time answering questions from investors that have no idea how to handle late rent, unpaid rent, and other pay issues.

However, in Los Angeles, multi-family properties can be expensive, so you’ll need to run the numbers carefully to ensure it cash flows.A few things to consider:FHA Loan Limits: Check the max FHA loan limit in LA for multi-families.Neighborhood Selection: Look in areas with strong rental demand but potential for appreciation (e.g., Inglewood, North Hollywood, Long Beach).Value-Add Potential: Minor renovations to force appreciation will help when doing a cash-out refinance or 1031 exchange later.If you have any other questions, send me a DM or email!

I'm looking at investing in several out-of-state markets (potential BRRRR strategy in mind), I have a list of qualifiers that I'm sussing out to determine viable markets but would love to know: what data helps in dete...

I would suggest keep learning and dig deep on the one real estate strategy you selected to pursue.