A single-family home or small multi-unit property can be a great way to dip your toes in the water.Build a Team: Even if you’re planning to handle most things yourself, having a good real estate agent, property manager (if needed), and a reliable handyman can make life so much easier.Learn the Local Laws: Pensacola is pretty investor-friendly, but it’s always good to know local zoning laws and short-term rental regulations if you’re thinking about Airbnb or VRBO.Run the Numbers: Make sure you’re clear on the property’s cash flow potential.

Focus on areas with strong rental demand, like Broad Ripple, Fountain Square, or near universities like Butler and IUPUI.Maintenance Costs: Indiana weather can be tough on properties, so budget for seasonal maintenance like snow removal and HVAC servicing.Additional AdviceKeep an Emergency Fund: Unexpected repairs or vacancies can arise, so having 3-6 months of expenses saved will help you weather any surprises.Build a Reliable Team: I have lists of contractors, handymen, cleaners and property managers if you'd like me to send.Good luck with your property and future expansion!

Hi Jaycee,Chose this area because my partner already had a section 8 rental here that is doing well and has a team set up.I have no experience with section 8 tenants.Appreciate the advice on starting an LLC.

Also don't forget you get to add team members which I hope is safe to say you have given the amount of doors you own.

It's just what does that really mean.I was a part of a team that managed a big brand for a large tech company.

It depends what your budget is, how much you value a CPA on your team, etc.

I worked adjacent to a couple of rehab teams on the admin side.

I have some flexibility but rely heavily on my team for admin work and the day-to-day operations of property management.

If you have the right team you can get it done.

Investing in AZ, NV, ID, where you have family or friends that is a day away and you can start to build a network and team to help manage a property.