Additionally, what tips would you give to someone like myself who is looking to get started and is looking to purchase their first rental property?

Tenant was in a MTM lease and would like to stay, but the seller provided a very bad review and had several issues to report about their experience with the tenant.Would appreciate any help on how to legally remove the tenant, along with tips to consider throughout the process.

Additionally, any tips for out-of-state investors would be invaluable.Thank you in advance for your help!

Not here to defend anyone or point fingers but we have had many unsatisfied investors over the past 10 years.Most will buy 1 property and expect miracles.It takes a larger portfolio to make it more stable and more cashflow profitable long term.Owning 1 or 2 properties can always be a hit/miss.Owning a larger portfolio should over time perform better "year after year".Just my opinion based on PM data that we see on the back end.Much success

- Investing with a Friend: Tips on structuring partnership and legal/financial considerations?

Moreover, asking questions demonstrates your commitment to learning and your proactive approach to growth within the investment community.A crucial tip for maximizing your learning experience is to come prepared with a notepad and pen.

I had to call about 200 lenders (no exaggeration) to learn of 4 lenders who did this and I have some tips.

I am in underwriting now with a small local bank who does have the local knowledge you mentioned, fingers crossed.I do have a fairly comprehensive business plan but did not get into the level of detail for the construction that you mentioned.  

Here's some food for thought to get the conversation going:Finding the Ideal Property: What are your tips for spotting a great house hacking opportunity?

G'Day Trevor,Just posted the same below to another investor asking about turnkey and my advice stays the same 😁There aren't many "true" turnkey companies around anymore and I've seen a trend where investors want to DIY out of state and country.Personally, I think this is an even bigger recipe for disaster than buying turnkey.But that's just my opinion.Back in the day you had many "turnkey" companies selling crappy properties in crappy areas for a lot more than market value.Then they pass you on to a 3rd party PM that nickel and dimes you to death.Granted, if you want to DIY I would always advise moving to the market that you want to invest in.Spending enough time with key people needed to make your venture a success.Yep, easier said than done 🤷‍♂️If you DIY from out of state, you will probably find an "investor friendly" agent that will flog you expensive property from the MLS, refer a "good" contractor and then you will most likely also get nickel and dimed by a referred "trustworthy" PM.IMO, you are safer finding a reputable turnkey provider in a market that you want to invest in and go from there.If $#%@ hit's the fan (Which it always does in real estate), at least you have everyone to blame under the same roof.A true turnkey provider will have everything an out of state investor would/want and need under the same roof.No finger pointing is allowed lolI'm bias as we offer turnkey so take my words with a grain of salt.Just happy to offer my 0.2 Aussie cents.Wishing you much success