Then you can read a more in-depth book like The Book On Rental Property Investing by Brandon Turner or The Unofficial Guide to Real Estate Investing by Spencer Strauss.2.

I started by building a 12-door portfolio using the BRRRR method and self-managing initially.

Legal Implications and RisksThere are a few legal and procedural risks to be aware of:Title and Zoning Issues: Confirm there are no restrictions tied to the property.

Many people start by househacking.

@Kyle Kulhanek Are you planning to transfer the property into an LLC owned by both individuals on title? 

Hey Jeff,Congrats on taking the first step towards your investment journey!

They'll expect electronic payment options.8) Understanding your local landlord-tenant laws, so you don't make a mistake or get taken advantage of by tenant.9) How will you handle maintenance issues?

Apply for a dimensional variance on the vacant lot to allow a smaller lot and/or setback so it can be built upon.Your best first steps are to sketch a plan, possibly with an engineer's help, then contact the zoning department to discuss your idea with them to get informal feedback on your liklihood of success before you spend a lot of money.

One of the most important steps you can take as either a startup landlord or seasoned one is to use a platform specific to property management as it will elevate your operation and save you tons of time.The good news is that nearly every software designed for landlords includes these features.

Not to mention the economic development steps the town is taking in ensuring the growth of town (roads, schools, zoning) stays on par with the future expected population growth and new jobs that are going to be a result of the new factories opening.