Talk to your CPA BEFORE you start the process.

My parents would also not be opposed to cosigning, but I would prefer it be all on my own.If possible, what should the timeline be for this process? 

I'm currently in the process of deciding which agent to go with.

Here are some trends that could play out, or further develop in 2025.Leasing & Tenant Experience AI-Powered Leasing: Chatbots and AI tools will streamline leasing processes, from answering tenant inquiries to scheduling tours.Virtual Tours & Digital Leasing: These will become even more standard, making it easier for tenants to rent remotely.TechnologySmart Property Management: IoT devices (smart locks, thermostats, etc.) will become more common, improving efficiency and tenant satisfaction.Property Management Software: Platforms will integrate more AI for predictive maintenance, rent collection, and financial reporting.SustainabilityGreen building practices and energy-efficient upgrades will be a major focus, driven by tenant demand and potential incentives.AI & AutomationAI will play a bigger role in tenant screening, rent pricing optimization, and even predicting market trends.Automation will handle repetitive tasks like maintenance requests and lease renewals, freeing up PMs for higher-level activities.I'm sure there are plenty more shifting trends that I haven't mentioned and that are sure to evolve over the next year. 

I can't speak to the condo conversion process in your municipality this is something to weigh as well.

I am really in the beginning steps of this whole process and it seems so overwhelming.

How has the process been for you?

Continue reading about the investment process.

The process is pretty straight forward and not complicated at all.

I've done a lot of value add as well so that helped speed up the process.