After 6 months I have two properties and since day 1 they have been rented.However, making some numbers and organizing the 2025 budget I am not sure what to think about my first step on this journey.The rent covers the mortgages (10 year loan both) however I have to take out of my pocket some % to cover HOA and management fee.

@Steven Wetherillwhat about property management?

BAM and Praxis have definitely managed the situation better at this point in time. 

Just want to drop the message here, anyone located in Dubai or distanced managing properties there?

Are you accounting for everything—taxes, property management, maintenance, insurance, reserves—and still hitting your target returns?

The key is making sure you have the right team in place—outside of market research, finding a trustworthy property management company is one of the most important factors in making long-distance investing successful.

For liability purposes our financial advisor is recommending creating a LLC for managing all of the STR stuff.

What I'm hoping to find: I'm hoping to make connections, for mutual benefit; this could be investor friendly agents who have experience with identifying promising house hacks, investors who are looking for an additional financial partner, investors who are looking for a partner to help manage the load of projects (I am naturally drawn to planning and execution), and more broadly anyone who is willing to share experience and create new connections!

My top recommendation is to begin by contacting property management companies in each target area.

Tenant stopped paying rent before 2 months of the lease expiring, property manager filed for eviction process but tenant vacated the property before sheriff served the notice.