There are also many great CPAs that have responded on this forum.

Hello everyone, I'm in need of some advice on my first rental property.

They say you should focus on one market and get to know it in and out.

What are some good entry-level jobs that would give me hands-on experience with real estate, whether in sales, property management, or another related field? 

This takes some of the risk off of the landlord and places the risk on you.

Congratulations on the deal!

Remaining Balance: After the balloon payment, the remaining loan balance will be re-amortized over 5 years (60 months) at the same 6.5% interest rate.Payment TermsInitial Loan Terms (First 24 Months):The monthly payment for the first 24 months is based on a 12-year amortization schedule:Monthly Payment for First 24 Months: $1,573.39Remaining Balance at Month 24 (Prior to Balloon Payment):The balance after 24 months can be calculated using the amortization formula:Remaining Balance at Month 24: $157,113.92Balloon Payment:The balloon payment will be 50% of the remaining balance at Month 24:Balloon Payment Due at Month 24: $78,556.96Re-Amortization of Remaining Balance (After Balloon Payment):The remaining balance after the balloon payment will be:This amount will be re-amortized over 5 years (60 months) at the same 6.5% interest rate.Monthly Payment for Final 60 Months: $1,541.18Summary of Key Terms:• Purchase Price: $215,000• Down Payment: $43,000• Loan Amount: $172,000• Interest Rate: 6.5% (fixed)Initial Terms (First 24 Months):• Monthly Payment: $1,573.39• Balloon Payment Due at Month 24: $78,556.96Re-Amortized Terms (Final 60 Months):• Remaining Balance: $78,556.96• Monthly Payment: $1,541.18Additional Conditions:1.

I see a lot of syndication deals where you follow the money (I have not reviewed the above so I cannot comment on them) where the money all goes to the sponsor in upfront fees and other entities and all the risk falls on the investor.

If you’re set on cash flow, you might have better luck looking out of state where your $30K goes further.

I’m happy to share my perspective on communities and home types in the area.