Consider hiring a property manager for the first year or two, then transition to self-management when you have more experience.Hiring a property manager is usually cheaper than losing a ton of money making rookie mistakes.

They reported that it had been a difficult transition.

If you're up for it, I'd be happy to connect you with these folks or share more about how I navigated this transition myself.Shoot me a message anytime always here to help a fellow investor keep those plates spinning smoothy!

I'll be transitioning 12 months from now. 

Even though I know the numbers well from my previous experience, I’m sure there are some unique challenges when it comes to flips—like managing renovations, timelines, and of course, staying on budget.For those of you who made the transition or started out flipping, what’s something you wish you knew before your first project?

So you need to be local to know who is in the area and ensure your street doesn't transition down in quality...it can happen in 12-18 months before you can do anything about it.

Definitely weigh the pros and cons, and as always, consulting with a real estate attorney or financial advisor may help you navigate this transition smoothly.Hope this helps and best of luck with your continued growth!

If I provide the notice prior to the end of the12 month lease (October 28) do I still have to pay them several months of rent to help them transition to another rental?  

.- Most of the deals that came our way were for 60-70yr old wood frame buildings, that had been owned by their current owner for 25+ yrs, and we felt there was a definite risk that the economic viability of the asset was less than our planned (buy and hold) time horizon, and we were also highly skeptical of the insurability of some of these buildings or that the cost of insurance would not balloon once the ownership transition forced the insurers to reassess the building.Ultimately we pivoted to retail/light commercial mixed use properties.

YES, you can transition from new copper to old galvanized, but just be sure the plumber uses the right fittings to prevent corrosion.