However, I’m actively managing my investment, taking on risk, and improving the property, which has significantly increased its value.

That brings us to 2- the ability to negotiate to CREATE a good/great deal3- financial staying power (being able to survive when things go south)4 - property management 5- creativity 

Will you hire a property manager?

Hello everyone!  I’m excited to get started on my real estate journey. I’ve done a couple of fix and flips but I’m looking to build a rental portfolio. I’m looking in the DFW market initially and I’m definitely open t...

If part of the property is rentable while renovations are happening, that could help offset carrying costs.Given your construction background, you’ve got a huge advantage in managing the project efficiently—it’s just about getting through the red tape and de-risking the unknowns before pulling the trigger.Have you talked to any local investors or contractors who’ve tackled similar projects in Wicker Park?

Sounds like you’ve got a solid foundation with your GC and project management experience.

I've learned a lot on the managing side of the business, as well as the rehab side DIYing a lot of the work myself.

I have used TurboTax and Taxcut, so I am looking for an accounting/property management software for Mac.Thanks in advance.

You need a reserve to handle unexpected costs, particularly during the first 1-2 years of ownership and learning how to manage the property. 

Quote from @Ronald Rohde: Quote from @Joseph Gozlan: We own, operate and manage industrial & Flex in Texas.