Here’s a straightforward guide to help you navigate the process:### 1.

Looking here and looking there but not putting down roots in any one place.I went into Chattanooga TN (for investing) in 2009 and stayed until 2018.

They know the local landscape and can guide you toward the best neighborhoods and opportunities, helping you avoid costly mistakes.By leveraging the relationships that local investors have already established, you can quickly build your Core 4 with professionals who understand the nuances of the area.

You’ll be much better off focusing on solid, local investments and using real knowledge, not hype, to guide your decisions.One of my buddies had this exact experience - he bought a D-class property out of state based on some “guru” hype.

The best part is that the debt will be reported to the credit reporting agencies and it will stay on the tenant's credit report for up to seven years.

Stay in touch with your lawyer and document everything.

Hey Suhaib,It sounds like you're planning to stay in your rental part-time, so the big question is: are you focused on cash flow or equity?

Several of my Section 8 tenants are in my Top 20 list of worst tenants (out of thousands) and left owing $10,000 or more due to unpaid rent, cleaning, and repairs.I have strong feelings about people that stay on the government teat long-term, but I'll leave you to form your own opinions.

Make sure to research local rates for cohosting and management services to stay competitive.If you're doing this as a side gig or part-time job, it’s essential to time block, create systems, set expectations with property owners, and establish boundaries to ensure a smooth experience for everyone involved.We opted not to pursue rental arbitrage for two key reasons: dealing with landlords and the significant upfront costs to set up and run a profitable STR without the benefit of property ownership.

I’m here to learn, grow, and connect with like-minded individuals who can help guide me along the way.I’ve been fortunate to build great networks so far, but I know there’s so much more to discover in the beautiful world of real estate.