If you’re unsure about which specific account to choose, ask a local CPA or banker, since every situation can vary.

Whether you choose to join a program like ours, hire a business coach, or work with a mentor, the key is to find the right support system that aligns with your goals.Real-World ExamplesTo get a better sense of what we offer and see some of the successful deals we’ve done with our partners, please visit my BiggerPockets profile.Final ThoughtIt’s crucial to weigh the benefits of paid programs against free resources and determine what works best for your personal situation.

Covering the mortgage isn’t an issue, but I’m considering factors like: Multi-Family: House hacking would help offset costs right away, but I’d likely need to put money into renovations upfront.Single-Family: Easier move-in with no immediate renovations needed, plus potentially lower tenant turnover once I rent it out For those who have been in a similar situation, what did you choose and why?

They choose to move rather than face eviction, because if they get evicted, they lose sec 8.

So when i started at 18 I used to go to these appointments just like Al Pacino in the movie or Jack Lemmon sit in the houses show my maps and pictures and help them choose their lot of their dream.

@Tom Dieringer After purchasing my first property in 2024, I acquired most of my short-term rental (STR) knowledge from The Short Term Shop, which included maintaining respectful communication with guests, keeping calendar availability up-to-date, and ensuring high-quality listings.When I initially began May of 2024, I opted to list my property exclusively on a single Online Travel Agency (OTA) - Vrbo.

Regardless of the particular "wow" shot you choose, professional photography is a must.

Take a break from larger multifamily acquisitions for now, as they may not align with your current capacity or risk tolerance.Whatever you choose, know that setbacks are part of the journey, and you’ve already gained skills and insights to make smarter, more deliberate moves moving forward.

It seems more your fault for choosing the "lying" contractors from the tenants point of view, if you ask them to pay up, I'm sure they would.

:-) From a property managers perspective, I also think its great that you've decided to take on out of state self management for very legitimate reasons...Nothing is void of a few challenges, as we can all attest to, so as you embark, I wanted to share a few top reasons our owners choose to hire a management company. - As @Jonathan Klemm mentioned, passing on this load so that you can be more present and attentive to your family and not be essentially working  24/7, on-call for the needs of tenants and property emergencies... can be worth the management fees.