You’ll also need to navigate state tax obligations for rental income and potential depreciation recapture when selling.Insurance is also deductible as well.

If you've had a license for eight years and don't know how to get a PM license in your state, then I would suggest you don't have sufficient knowledge or experience to take on the responsibility, particularly in a state that is very difficult to navigate. 

Was it finding the right market, navigating local regulations, or building a network?

I'm on a mission to help clients navigate the journey of buying or selling their homes with confidence and joy.Whether you're a seasoned investor or just starting out, I can’t wait to exchange ideas, tips, and success stories.

I’d love to connect with seasoned agents and investors who can offer advice and mentorship as I navigate this exciting new chapter.

How are you going to navigate deals with adversity? 

Likely best to have a real estate attorney handle this all for the private lender, unless they have experience or can navigate that process themselves. 

For instance, posting a home could potentially violate various laws that listing agents are trained to navigate, such as Fair Housing regulations and the recent NAR settlement.I’d recommend establishing a solid relationship with a listing agent.

As a private lender with experience in the industry, I’m here to help you navigate your journey, whether it’s assessing potential properties or securing funding for your investments.With your background as long-time listeners of the podcasts, you already have a solid foundation.

Basically, just like any market, you can fail - but it can so easily be avoided when you have the resources and expertise needed to navigate it.For Crime Rates in the City Proper see here: https://crimegrade.org/safest-places-in-scranton-pa/ Just like any city, it varies heavily street to street, but is overall a solid place to invest.