But I also agree that there are some things you might want to pay to have someone else do so you don't end up burning yourself out.I've been doing this 9 years now?  

I have seen plenty of investors getting burned buying homes in very attractive locations only to find out it is not zoned for STR and ending up losing $$ getting rid of the property.

You're getting OJT right now, but you're about to get burned very badly in a very tenant friendly environment if you don't get the help you need WHILE you're learning.

He got burned in that particular market as he said tenants were intentionally breaking things & abusing the system so as to get out of paying any rent.

If you search these forums you will find countless syndication investors burned by paused redemptions, loss of most or all of their principal, investment promoters disappearing, etc.

This puts the seller in a much worse situation than they started, and this burns a lot of people.

Replacement cost approach: Used for things like insurance to determine how much insurance you need if for example the house burns down and needs to be re-built. 2.

Easier to get burned on remodel. 

In Charlotte, NC and in Charleston, SC, we have such an extreme lack of inventory, especially at the lower end of affordability- seller's aren't giving up their 2.99% interest rate to downsize and pay more for a home with a higher rate, so they are staying on the sidelines. and Builders cannot ramp up fast enough, and are being very cautious due to interest rates, coupled with inflation, where their goods and services also cost more to build homes- and, after 2008-2010, where many got burned, and badly, they are super cautious.

I have not been burned yet by this.