So, you want to make sure that you ensure that you'll have some light at the end of the tunnel. 

By following these tips, you can continue self-managing your townhome even after moving out, ensuring a smooth transition and a smooth transition into your new home.Good luck!

Ensure your pricing is competitive and that your minimum nightly stay aligns with market trends.

Wherever you invest, I recommend hiring a property manager who is highly knowledgeable about Section 8 and its frequently changing guidelines.Putting down at least 20% ensures the best rates and avoids any PMI payments.Good luck!

Ensure that a structural engineer inspects critical areas like the roof and foundation, as their expertise can help you understand the true condition of the home and potential repair costs.

Ensure your attorney is well-versed in lending regulations and set up a strong legal framework.

This will ensure that most of what COULD go wrong gets addressed on the front end so that you don't have to get bogged down with ongoing maintenance judgement calls.If none of these suggestions seem tenable in reducing the brain damage associated with owning property, then owning rental property directly might not be for you. 

Here are the variables you'll need:ARV (After Repair Value)Estimated Repairs (add a 10% contingency)Estimated RentPurchase PriceEstimated PITI (Principal, Interest, Taxes, and Insurance) on the refinance sideIf you know these values and ensure that your all-in cost (purchase price plus repairs) is 75% or less of the ARV, and that your rent will cover PITI + vacancy + maintenance + property management, then it's a deal worth pursuing.The BRRRR model is a fantastic way to build a portfolio and is still very feasible—even in 2024.If you're interested in more info, feel free to shoot me a DM—we can connect, and I'd be happy to assist you.

These inspections are often required by local municipalities to ensure that properties meet certain safety and habitability standards.

When it began, the inspector asked me to show the condenser to ensure it was on a pad.