Especially after capex, vacancy, management fees, etc etc. 

However, consider STR seasonality, local regulations, and management demands, and ensure your equity loan and new primary residence costs fit comfortably within your budget.

Yup, property condition, vintage, neighborhood, tenant base, property management are all very important considerations. 

I’ve seen folks pivot their plans quickly if they discover one city has friendier permit processes than another.And yeah, the Phoenix area has some really down to earth investor meetups, from what I’ve heard, that can help you level up fast.What aspect of the business are you most excited to tackle first.. managing construction, or scouting out those under the radar leads?

Rental income is subject to tax, but it is also possible to deduct many costs related to owning and maintaining rental property, including property management fees, repairs, and mortgage interest payments.Additionally, for those investors holding properties in Germany for the long-term, the country's capital gains tax law is attractive.

Plus, it would be a first renovation project, and other properties we may be able to close on are huge projects.

Property Manager – This is another one I really need help from the bigger pockets community in the local area.

You can learn just about anything you need to complete a small project off YouTube and with the right tools.  

I am invested in a small multi family in TX and the management was not able to fill the property and do repairs and the income has dwindled badly.

I property manage STR in the cape cod so this is actually good info