But honestly, you'll want to shop around and compare a few local PMs since fees and services can vary quite a bit.

To decide, consider your ultimate goal, manage more tenants, and analyze potential fourplex properties to compare their returns.

I would say it depends on how well the chunk of cash in your 401k is performing compared to the asset you are acquiring.

Many landlords think of it as the HIGHEST end of rent prices for comparable rentals.

Keep in mind, I’m based in the Binghamton, NY area, which is more of a cash flow market with slower appreciation compared to other areas.

@Landon Sheveland People do fix and flips while living into the property to classify the property as primary residence and not pay any capital gain taxes. if that is your intention, don't use LLC to establish this as your LLC.If your goal is different compared to what I said above, you can use LLC.

Find comparable rentals on various websites.

Are there areas/cities more open to multifamily rezoning compared to others?

We recommend you get management contracts from several PMCs and compare the services they cover and, more importantly, what they each DO NOT cover.

Rents/Divs go up with inflation, and capital appreciation occurs at an unpredictable rate.Yes, you’re giving up returns compared to direct RE ownership, but you’re gaining piece of mind.You could try note investing too.