When it comes to assessing maintenance costs, one of the best approaches is to request itemized breakdowns for larger repairs.

Quote from @Kristi Kandel: Helping LA Communities Rebuild After WildfiresWhen Hurricane Ian hit Fort Myers Beach in 2022, it changed our lives forever.

Purchase price: $690,000 Cash invested: $172,500 Took a gamble on a larger single family home in an up and coming master planned community.

Glad to have you as part of this community, Brett! 

Quote from @Giovanni Vazquez: Hello BP community, I finally bought my first duplex thanks to my phenomenal realtor Adam King in July 2024. 

Can try to reposition to Class B, but neighborhood may impede these efforts.Vacancy Est: Historically 10%, but 15-20% should be used to also cover tenant nonpayment, eviction costs & damages.Tenant Pool: majority will have FICO scores of 560-620 (approaching 22% probability of default), many blemishes, but should have no evictions in last 2 years.

What should I keep in mind to ensure I'm approaching it the right way?

Hello BiggerPockets Community!

Tacoma has a growing real estate community, and there are plenty of opportunities to connect with investors.

Hey Rafael, as someone who's been investing in Florida for 20 years, especially in Tampa, I'd say you can’t go wrong with focusing on this market—it’s got strong appreciation, great rental demand, and tax-friendly opportunities.