We set the purchase price at about 10% higher than todays value and we don't have to pay for realtor fees or closing costs when we go to sell the property.

Our goal is to identify a property and make an offer before the end of 1Q 2025.

So start with the goal.

For consulting with a CPA.As mentioned above you can simply take monthly distributions, but what is most important is how you are set up. 

Be sure to weigh the pros and cons, and consult with your lender or financial advisor to determine if recasting aligns with your financial goals.

I've realized that embracing all types of Investors and expanding my Network in every way aligns with my Goals and benefits the Investing Community as a whole.

Verify employment and call previous landlords to avoid tenants with red flags.Rent Setting: Research comparable rentals in your neighborhood to ensure your rent is competitive.Use Technology: RentRedi is a great choice.

Sounds like you have the motivation & ambitious but precise goals.

That said, I wanted to share my story about how I found an out-of-state property, got it rented, and set it on autopilot.BackgroundI’m in my late 20s, living in a very high cost of living city and working in tech.

Jeff and John are extremely reasonable and may give you a handful more great ideas based of what your end goal is.