Working with a seasoned seller will ensure that you get the best deal possible and have a smooth transaction.

Hey Deirdre,To address your questions:Providing freedom by handling day-to-day operations.Offering peace of mind through proactive maintenance and tenant communication.Reducing risks by staying ahead of legal requirements, tenant screening, and dispute resolution.Enhancing the bottom line by identifying cost-saving opportunities while ensuring tenant satisfaction to reduce turnover.Is the experience still important when the property thrives financially?

We discussed this in an earlier post.Obviously, if loans are being made without any provision in the Operating Agreement, it’s time to get in touch with your State Securities Protection Division - usually a part of the State Attorney General Consumer Protection Agency.

Proper documentation ensures you’re prepared to substantiate your claims.Federal REP or STR material participation allows you to deduct rental losses against active income, significantly reducing your tax liability.

I plan to manage the properties myself until it conflicts with my regular job.I would appreciate any advice on these markets to ensure success and connect with local investors.

The PM will know more about rent rates and trends, ensuring your property is rented for top dollar.

The first part for me is investing in real estate since I have a secured job that I’m hoping can subsides some income to give me the freedom to put more time to real estate with a eventual transition to full time real estate business.

Elon literally holds a Top Secret USG security clearance level.

Use this period wisely by ensuring your calendar is open, pricing is competitive, and your listing is optimized.Encourage Reviews: After hosting your first guests, politely ask them to leave honest feedback.

However, in Los Angeles, multi-family properties can be expensive, so you’ll need to run the numbers carefully to ensure it cash flows.A few things to consider:FHA Loan Limits: Check the max FHA loan limit in LA for multi-families.Neighborhood Selection: Look in areas with strong rental demand but potential for appreciation (e.g., Inglewood, North Hollywood, Long Beach).Value-Add Potential: Minor renovations to force appreciation will help when doing a cash-out refinance or 1031 exchange later.If you have any other questions, send me a DM or email!