It would be a tight budget but I do have money set aside for repairs.

I started a property management company in 2017 and am now managing almost 800 doors and 6 construction crews.If I could do it all over again, I would have spent a little more time setting up business systems prior to jumping in. 

Self managing is a solid way to learn the business, and it’s smart that you’re already setting up systems and tools. 

I have been referring the people to the prequalification form that RentRedi uses prior to setting up a viewing.

Some investors will wait until they have several properties before forming an LLC but it's often beneficial to set one up early especially with your first property.

Not some basic furniture with a couple of sets of silverware thrown in.

A knowledgeable attorney can advise here.Create a solid operating agreement: Since you own the condo with a friend, a clear operating agreement is essential to outline responsibilities, decision-making, and profit-sharing for the LLC.To save on costs:Look for real estate attorneys who specialize in investment properties and might offer package deals for the retitling, operating agreement, and filing the LLC.Shop around for title companies that can handle the transfer smoothly and provide competitive rates.Research DIY options for setting up the LLC if your situation is straightforward, though I’d still recommend a lawyer for the transfer process itself.Good luck with the process!

I am assuming this is in TEXAS (I am editing this as I thought I was in the Austin Fourm, I understand now that you might not be in Texas)  as each state has their own set of laws that property managers must follow.  

I personally concur .. they charge 6k to join the club they bring in folks who have no experience and set them lose.. with so called training..

These are becoming very affordable from retailers like Home Depot and Floor and Decor, and they really set you apart from builder-grade homes!