Educate yourself on investment fundamentals and understand lender criteria, such as minimum loan amounts and property requirements.

I would love to share my educational resources with you!

Quote from @Travis Timmons: @Jay Hinrichs this is an educated guess, but I think the market rent for our property unfurnished, long term would be approximately $1100 per month and we have rented it for $1600 per month as a furnished, medium term rental.  

You don't realize the full gravity when you are 20..But it would be less awkward for young people if it were a legal requirement to sign a prenup, just check the boxes you want, maybe even go through some education before. 

Education and networking can help refine strategies.Good luck!

Their role is purely administrative, so if you file incorrectly or choose the wrong entity type, you’re on your own.3.Hiring a Lawyer or CPA (White-Glove Service):This is the most comprehensive option, with costs ranging from $1,000 to $3,000.

I agree a walk-through alone is not comprehensive enough to find all issues with the home. 

Once you understand these basic things (a several more) you will be in an educated position to put in credible offers that can turn into successful ventures. 

Tasks like furnishing, cleaning, and setup count, but education & research hours are generally disallowed.Bonus depreciation is 60% for 2024 and scheduled to drop to 40% in 2025 unless legislation changes.

And you can self-manage, which you should absolutely do for both your cash flow and your education!