In the meantime, as this is built I will continue to earn income elsewhere so immediate cash flow is not necessary, and long term growth is prioritized.I freely admit that despite some of my other qualifications in business, I am a novice in the world of real estate investment.

.- **Scaling Can Be Tricky:** FHA loans are typically for primary residences, meaning you’ll need to strategize if you plan to purchase additional properties.Thinking through financing options and backup plans before you buy is essential.### 5.

If you hire a PM, they typically charge 15~25% of the gross.

Personal Name for PurchaseLLC Loans: Loans for LLCs usually come with higher interest rates and stricter terms because they’re considered commercial.Personal Loans: If it’s your first property, buying under your personal name might be easier and get you better terms.

But let’s be real—people use these terms interchangeably all the time, often without realizing the distinctions.

I'll usually eat $100 - $200 worth of touch-up cleaning for a long-term tenant.

@David YoungRecommend you first figure out the property Class you want to invest in, THEN figure out the corresponding location to invest in.Property Class will typically dictate the Class of tenant you get, which greatly IMPACTS rental income stability and property maintenance/damage by tenants.If you apply Class A assumptions to a Class B or C purchase, your expectations won’t be met and it may be a financial disaster.If you buy/renovate a property in Class D area to Class A standards, what quality of tenant will you get?

Then once it's acquired and/or fixed up you could shop around for long term financing if planning on holding the property rather than flipping it. 

In fact, a couple of recent studies have shown that working with a broker typically saves about $10,000 on a residential mortgage.

I know Shopify typically is a more commerce base platform.