Divide the long-term vision into manageable steps.

I have managed to get myself into a bit of a complex situation on my first deal and I'm looking for some advice. 

Great place to meet other investors, agents, property managers, and contractors.

I'm going to try leasing the place out myself again, but if I'm struggling, I will hire property manager. 

@Phil Petite Forming an LLC in Tennessee is recommended if your rental properties are located there, as it simplifies legal compliance, avoids the need to register as a foreign LLC, and aligns the LLC with Tennessee's laws for property management and tenant disputes.

Ive been using the same for many years now and its my foundation for operations, follow-up, workflow management and communications. 

Even though I wasn't a good asset manager, I made money on my properties. 

Quote from @Pamela Rivas: Hi Natasha,Here are some key points to consider about setting up a Mexican corporation:Setup Costs: $1,500–$3,000 USDOngoing Costs: $1,000–$2,000 USD/year (accounting and tax filings)Benefits: Tax deductions for expenses like maintenance, repairs, and managementBest for: Multiple properties or income-generating investmentsWhile a corporation is ideal for managing multiple properties, it’s NOT required to obtain an RFC.

As a contractor and cabinet maker it made much more sense financially to purchase a home with a rental unit and manage the property myself.

Let's talk,DanIve actually been looking into buying a condo myself as an investment, I have a few rules, needs to be with both good hoa management & relatively cheap fee (bellow $600 a month) needs to be in area where I’m not competing against other new construction apartments, needs to be an area where even townhomes are so expensive you are not competing, I.e. upper nw, nova, Bethesda etc. needs to be 1990’s or newer in most cases.