Multiple people had some bad things to say about the area, but when I moved and realized that it was a low income area with a lot of homeowners, I was motivated to improve the property to match the effort my neighbors have put in. 

As for the rest of it, you can find a lot of useful tips on past forum posts along with podcasts and youtube material on the topic (BP and other RE sources).We've self managed STRs for a few years.

It also can be great for keeping you motivated and plugged in to the industry.Even if you don't get a real estate license, consider taking the licensing classes because it will give you some foundational knowledge for how real estate law works. 5.

Seeing their success is a powerful motivator—and it’s giving me unique insights into what’s working (and what’s not) in this field.If you’re sleeping on industrial real estate in smaller markets like Rochester, you’re missing out.

As others have said, the best thing your son can do is run far from this deal, buckle down, save his pennies (he probably already is doing this), house-hack, and improve a property with sweat, hard work, developing a DIY skillset, and self-managing tenants. 

For now I do self manage though.

Nobody wants to be around people like this, so I’ve had to lower my rent drastically and have a high turnover rate here.

It felt like everyone I found were self-serving, looking to line their own pockets, or not willing guide because of fear of competition.

I have no personal experience with them but they are the only company I know of that are built more for self managers and small portfolios. 

My motivation is to increase my financial literacy and diversify into real estate.I have rented all my life and seek to become a homeowner/ investor to help my family and make their lives easier.