It’s been a long journey to get to this point, and we even had a failed attempt with another PMS (but I’ll keep those details to myself).

Many investors are adjusting by using more cash or creative financing strategies to maintain profitability.Renovation Costs: While labor and material costs have somewhat stabilized, smart budgeting and working with reliable contractors are still crucial for keeping timelines and profits in check.How has your strategy changed for those currently flipping in Phoenix?

I'll keep everyone updated on what I pull the trigger on next!

Keep it up

Please keep those posts in the Classifieds forum.Need a spreadsheet or form?

But there are a few factors to keep in mind:1.

If you keep looking in New Britain and Hartford keep Middletown on your radar as well. ;)

If you ever decided to sell the building but keep operating the business, it makes it much easier.

By managing yourself, you keep that money in your pocket.✅ Hands-On Experience – If you plan to grow your real estate portfolio, managing tenants yourself can teach you valuable lessons about leases, maintenance, and local rental laws.✅ More Control – You’ll personally handle tenant screening, rent collection, and property upkeep, ensuring everything is done to your standards.✅ Stronger Tenant Relationships – Being involved directly allows you to build rapport with your tenants, which can lead to better communication and longer leases.Cons of Self-Managing❌ Time-Consuming – Dealing with maintenance requests, late-night emergencies, and tenant disputes can quickly become a second job.❌ Legal Risks – Chicago has strict landlord-tenant laws.

I just want it to work and be a positive experience because I know that will keep me motivating to continue investing and building my portfolio.