I had a similar strategy with my first few house hacks: buy in great A & B Chicago neighborhoods....get by with minimum cash flow, and wait...What's your plan for the next purchase Michael?

Furthermore, I fortunately had a visit planned to the US right around closing time so I was able to have everything notarized there.

I was planning on having the tenant pay for all utilities. 

If purchasing new real estate as part of your reinvestment, a cost segregation study can maximize depreciation deductions, offsetting future taxable income.For effective planning, assess how the sale price is allocated between real estate, tangible assets, and goodwill, as this determines the tax treatment.

Educate yourself on the local market, network with other investors and agents, and always have a solid plan in place before making any investments.

With some proper planning and the funds to lock in materials early, you can have an efficient build, but certainly not fast.

I plan to consult a tax professional but before wasting anyone's time I would like to ask whether I can technically claim the property as a rental in 2024 even though our first contract started Jan. 1, 2025?

Do they come with subscription plans for maintenance ?

Owning a home also gives you stability (ie your landlord can't decide to sell your home), flexibility to do what you want to with the home and the money you are paying is paying down your mortgage, not your landlord's.One other question is do you plan on moving anytime soon? 

Remember this is a marathon......That said are you planning to flip, hold(short or long term?)