I'd still be working for "the man" in IT driving 60 miles each way to work and spending 3 hours in one meeting on one silly, meaningless report.     

I'm Deon Knights from Frisco,TX, passionate about real estate investing for some time now and I'm particularly passionate about MTR and STR properties.Outside of real estate, I enjoy spending time with my family and my pup Milo.

But we just bought this property and wanted to only spend $2,500 on flooring right now).

Spend on the big key items (Mattress, Mattress protectors, bedframe, couch, dining table) and save on the other items (Lamps, silverware, plates, end tables, etc) Hope this helped! 

We purchased another house and are finishing remodeling it and have about 20k left to spend to finish and move it (cabinets and countertops) and this will be our primary residence.  

If you want to spend 10% A MONTH on property management fees then yes, hire one.

But I was spending a lot of time shopping, making the juice and cleaning up.

You can spend as little as $100 to form an LLC, or you could use an attorney and spend $1,000 or more.

I recommend spending some time educating yourself on how to analyze properties to prevent you from making the same mistake again.

I plan to purchase a new home which i may use as a rental once rates drop and though i dont know when that will be, it sounds like a nobrainer to save up for that instead of spending on mortgage insurance monthly and limiting potential future appreciation.Thoughts?