It's a big decision, and I recommend spending some solid time in each area.

Quote from @John Cho: Citing loan covenants seems like a weak excuse.https://www.wallstreetoasis.com/forum/real-estate/another-on...There's a years worth of posts in that forum but I read the most recent and I recommend LPs do the same.

Here are a few lessons I learned during the renovation, many of which stemmed from the age of the house and unexpected hidden damages:1.Damaged Plumbing: Several plumbing pipes were ruptured or severely damaged, requiring replacement.2.Termite Infestation: I discovered termites, which led to additional costs for treatment and repairs.3.Rotted Wood: Significant sections of wood in the structure were rotted and had to be replaced.4.Lack of Insulation: There was no insulation in the att Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?

There will still be a lot of people that are resistant, but stroking a landlord's ego and asking for their backstory and what they recommend to enter into investments is a great way to meet people.

Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?

Unless you are confident in estimating the renovations needed, I would highly recommend getting a contractor's professional opinion of the rehab costs.

I recommend trying it for yourself.. pay to analyze a few properties... the first free 5 doesnt do any justice until you get used to using it. 

Here are a few lessons I learned during the renovation, many of which stemmed from the age of the house and unexpected hidden damages:1.Damaged Plumbing: Several plumbing pipes were ruptured or severely damaged, requiring replacement.2.Termite Infestation: I discovered termites, which led to additional costs for treatment and repairs.3.Rotted Wood: Significant sections of wood in the structure were rotted and had to be replaced.4.Lack of Insulation: There was no insulation in the att Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?

I would at least recommend you have them shop a policy for you.One thing we did note is that with hail damage to roofs, they seem to be decreasing coverage/increasing deductibles on that if ever needed.

since as part of the project you are going to need an architect and civil engineer, I recommend starting with them and ask them who they have worked with for zoning.