Their perception of their skills far outweighs their actual knowledge, leading to costly mistakes.The other path is paralysis: they begin to realize how much they don’t know and become stuck, afraid to make a move.

Are you saying you have superior skills to make this scheme work?

This can lead to more opportunities and partnerships.Market Understanding: As a property manager, you'll gain a deeper understanding of the local market, which can be invaluable when you start acquiring your own properties.Steady Income Stream: Property management can provide a consistent income, which can be particularly beneficial in the early stages of your real estate venture.Skill Development: You'll develop a range of skills from customer service to maintenance oversight, which are crucial for successful property ownership.Brand Recognition: Establishing a presence as a reliable property management company can boost your reputation, making it easier to attract tenants and investors when you start acquiring properties.Cons:Time Commitment: Property management can be time-consuming, especially if you're dealing with multiple properties or demanding clients.Regulatory Compliance: Staying compliant with local laws and regulations requires diligence and can be complex.Conflict Resolution: Dealing with tenant issues and conflicts is an inevitable part of property management and can sometimes be challenging.Financial Risk: There are financial risks involved, including late payments or damage to properties.Market Fluctuations: The property market can be unpredictable, affecting both rental income and property values.Overall, starting with a property management company can be a smart way to enter the real estate space, especially in an area with a clear need for such services.

They then use their new knowledge and skills to take on bigger projects which they then BRRRR to scale more aggressively.I don't know a lot about North Carolina but I know there's investors there seeing great success. 

They go over a lot of the fundamentals that I completely agree on as a high skill operator in this space.  

But I know that the leaders are working on plans to fix it and they are very skilled and effective.

We have LVP in some kitchen/bath areas and it is holding up well, but if you have a choice tile.The only caveat I can think of is aesthetically having all one floor is more pleasing than many room transitions.

I leveraged some rehab skills most of which I learned as I went.

I moved from CA to OR where I intend to hone my skills and grow my real estate investment business.Have a blessed day and prosperous year! 

This gives me access to a large network of skilled contractors, including plumbers, HVAC specialists, electricians, and general contractors.I’ve identified a promising opportunity with an auction property, but I’m unsure how to accurately estimate rehab costs with only a small window to do so.