Mine was also out of state, in a town I’d never visited, and I relied heavily on videos from my agent.This sounds like a tough first deal, but it seems like you have some capital on the side, which will be useful as you face the upcoming challenges and learn from those expensive early mistakes.Regarding the subject of this post, “help me adjust my expectations,” I’d recommend assuming that; repairs will cost twice as much as you estimate, maintenance and vacancy rates will likely double from your initial projections, there’s a very real chance you may lose money on this deal.That said, there are ways to mitigate these risks by:- Keep asking questions here on BP and connecting with local experts- Stay proactive and communicative with your agent and property manager.And remember “Inspect what you expect.”Im not trying to discourage you but to help reset your expectations.

BTW you said you have a 9-5 so keep in mind you cannot double dip on the employee 401k contribution.

I just looked at a place that would be worth double if it was a street over even though it's in the same zip code for example.Welcome!

I really like the fact that you made a profile with a picture first before your first post.

Accountant is more for double checking return and having in depth conversations about taxes and business. 

Online metrics can be good, but they wont paint the whole picture. 

Double close: You do actually purchase a property and then sell it the same day to another buyer.

For the 10 year period spanning December 2014-2024, single-family prices in Austin nearly doubled, yielding an annualized appreciation rate of ~9.4% in that period.With inflation close to its 2% target and an uptick in the labor market, The Federal Reserve may be taking a break from rate cuts.

Also, coming from running a business just think of RE as a business (which it is), the numbers have to work and your investments need to fit into the big picture.

I preach to everyone make a wish list, prioritize, test the software and double check.