@Erika Shiu House hacking with an STR is a smart strategy but ensures financial viability since your mortgage is over 50% of take-home pay.

Check for cap ex coming, mechanicals, and smart repairs to do now that will save you later.

If you're not experienced with rehab costs, then having a GC walk the property with you and providing quotes is a smart move. 

A fourth got four accepted clients, and during the lease signing, they all bailed and the client smartly pivoted to MTR.

In real estate (and probably other industries) this is referred to as a Single Purpose Entity, and it's usually a smart move.

Yes, the thermostat will need to be replaced with a smart one.

So, there's all this buzz about blockchain and smart contracts shaking up the real estate world?

Buck up, find alternatives, research before you leap, be smart. 

We want a camera system that:1) Connects to internet for remote monitoring via an office computer (not just a mobile device)2) Has motion-sensor alerts3) Records to the cloud, so a thief can't disable/steal the camera to hide their identityWe plan to remove these cameras once a property is rented and reinstall at the next vacant rental.Wi-Fi connection to internet is possible, but we'd also like to look into cellular connections to internet.What suggestions do you have please?

This can lead to more opportunities and partnerships.Market Understanding: As a property manager, you'll gain a deeper understanding of the local market, which can be invaluable when you start acquiring your own properties.Steady Income Stream: Property management can provide a consistent income, which can be particularly beneficial in the early stages of your real estate venture.Skill Development: You'll develop a range of skills from customer service to maintenance oversight, which are crucial for successful property ownership.Brand Recognition: Establishing a presence as a reliable property management company can boost your reputation, making it easier to attract tenants and investors when you start acquiring properties.Cons:Time Commitment: Property management can be time-consuming, especially if you're dealing with multiple properties or demanding clients.Regulatory Compliance: Staying compliant with local laws and regulations requires diligence and can be complex.Conflict Resolution: Dealing with tenant issues and conflicts is an inevitable part of property management and can sometimes be challenging.Financial Risk: There are financial risks involved, including late payments or damage to properties.Market Fluctuations: The property market can be unpredictable, affecting both rental income and property values.Overall, starting with a property management company can be a smart way to enter the real estate space, especially in an area with a clear need for such services.