You probably also have an opportunity to trim some fat on your PM fees if you still want to outsource the management because that's heavy.

These areas offer excellent opportunities for long-term equity growth and solid rental income.Florida still has strong cap rates—you can expect 7-8% in year one, 8-10% in year two, and an average of 10-12% over five years.

I would only hire out for major work I can't do myself or emergency repairs.I've dealt with older houses before and the house may be fine for occupants but there's still usually lots of things that can be fixed / improved so it seems a house that isn't perfect would give more opportunities for ongoing maintenance of this sort.To me it seems fairly straightforward to meet the time requirements but I think I need to have extensive documentation?

Here’s to finding great opportunities and hitting your goals—excited to see where this journey takes you!

There is still $300B of defaulted mortgages out there and $13T of mortgages overall - so just like real estate - lots of options and opportunity for those who will do the work

Did you buy the homes with the intention of going that route or did you own them already and pivot to capitalize on the opportunity for the increased revenue?

There are advisors out there who specialize in working with real estate investors and understand the unique challenges and opportunities in this space.

They take on the responsibility of tenant communication, emergencies, and paperwork, which can otherwise be overwhelming for individual property owners.The Challenges of DIY Property ManagementWhile many investors choose to manage their own properties, it comes with its set of challenges.

For me doing this gives me the flexibility that if something comes up I could use this savings in two ways for emergencies and for my savings goal.I have in the past taken more risk and put the money in low cost index funds within my taxable brokerage account like VOO but there is risk here. 

landscape this year has given me the opportunity to really pause and look at my portfolios performance.