Understand the fees involved and calculate the total cost for an entire year of management so you can compare the different managers.

Quote from @John Davey: Id appreciate any help, as ex. if i take out say 100k home equity loan and use 50k each as down payments/cloing costs my understanding is i cant deduct the interest?

And it cost me some money.  

First, estimate what the renovation would cost, how long it would take, and how much extra you could potentially sell the property for once it’s fixed up.

After analyzing the potential ROI, we negotiated a fair price of $58,500, ensuring room for renovation costs and profit.

Consider starting with a few lower-cost flips with a smaller loan-to-value ratio to reduce financial strain.Market Research: Sacramento can be volatile, so I’d recommend keeping a pulse on local trends—particularly in the neighborhoods that have potential for growth but haven’t quite hit their peak yet.

I've been updating things that need it and lucky enough, I can do the work myself to keep cost down for now, only because it be my first rental.any advise would be much appreciated. 

The overall value of the land and potential subdivision and the harvested lumber will be 10 times the original cost.  

Understand the fees involved and calculate the total cost for an entire year of management so you can compare the different managers.

We decided the cost was too high and it was not worth it from a financial or risk perspective.