And absolutely use an architect on any project that is large in nature. 1) Asking for references is the typical way of vetting a Contractor, but think about it...is a Contr. ever going to give you a bad reference?

At same time there operations costs are also expanding due to wage inflation naturally fallowing the "everything inflation" so yeah....

It sounds like most of your issues were insurance-related, which indicates this is a risky market based on natural disasters or something.

The only management cost I have is my own time, which outside of natural disasters is 1-2 hours/week at best.

Who’s Disqualifiedyouyour spouseyour parents and/or your adoptive parentsyour natural grandparentsyour natural children and/or your adopted childrenyour stepchildrenThe spouse of your natural childrenyour grandchildrenAny fiduciaryAny people providing services to your IRA

Others meet at events, RE meetups, or even through social media—whatever feels most natural.3️⃣ Vetting: Vetting is crucial.

When you finish setting up your business profile and have your forums signature set up, you can focus on answering user questions, which will naturally lead to connections and business. 

I'm curious how you balance being thorough with moving quickly, especially in time-sensitive deals.

Asset management, though closely related to real estate, is typically considered more strategic and financial in nature rather than direct involvement in day-to-day property operations.

IN case the house you bought needs urgent repairs because of some natural events .