Why in the world would you commit (and risk) this much on your first one?

With a remarkable three-year revenue growth of 2,326%, it’s no surprise they’ve made such an impressive mark.RentRedi has been on fire this past year, hitting milestone after milestone—from expanding their platform with new features like RentRedi Credit Boost to forming a groundbreaking partnership with the National Association of RealtorsⓇ.As part of our BiggerPockets community, we love seeing our partners succeed, especially when their growth reflects their commitment to helping landlords and renters thrive.

So make sure that you read the HOA or condo association rules seriously before any commitment.

I have talked to 6 different attorneys from a variety of firms (including Anderson), my priority remains to use a firm that is committed to delivering real value and doing the strategies I'm looking for, correctly. 

There is no doubt that on a one off basis you can do it cheaper, but having the infrastructure to turn 5, 10, 25 or 50 units in any given month is not simple and requires a real commitment.

Be sure to look at the property taxes going back several years before you commit to a purchase.

This would be a ten year initial commitment of my IRA converted Roth IRA dollars.  

The author and article suggests to utilize the climate risk data before committing to an investment and be familiar with specific risks in your area—whether it’s floods, wildfires or heat waves.They recommend these valuable tools to assess these risks:FEMA National Risk Index – Provides a comprehensive overview of natural hazards across the U.S., including floods, earthquakes, and severe storms.USDA Wildfire Risk to Communities – Offers detailed insights into wildfire risks for homes in specific regions, particularly useful for properties near forests or dry areas.Risk Factor – Analyzes flood, fire, and other climate-related threats for individual properties, giving you a risk score.Climate Check – Delivers property-specific climate risk ratings, covering heat, drought, fire, and floods.Do you consider environmental factors like flood and heat when investing?

But everyone that makes a commitment, and truly utilizes the community, will get accelerate their multifamily journey and begin the path to financial freedom.

I understand that it may take time to build the capital for larger deals, but I’m committed to making it happen.