I’ve worked with a lot of first-time buyers, and common concerns like HOA restrictions or property management costs often come up.

I just did a podcast where we discussed this and how people are in for rude awakenings when its takes 3x as long and costs 2x as much to renovate from afar if you are not there on an almost daily basis.

Quote from @Bobby Burris: Here's a guide that describes what good cash flow looks like and how to analyze a property.https://www.biggerpockets.com/blog/rental-property-cash-flow...Read a few books on real estate investing to learn the power of leverage.

Our experience in assessing renovation costs and market conditions gave us the confidence to negotiate a deal that promised a solid return on investment.

If gone unaddressed, complaints can lead to costly violations & fines.

There are also additional costs of operating and maintaining an LLC, like separate bank accounts, annual report filings, tax filings, etc.2.

TBH, despite the cost I prefer using Turno.

I had an offer written up but knew if I submitted it too soon it would look like a low-ball offer and probably not get accepted, last day I was in town the price dropped and I threw in a full offer and asked for full closing costs.

Example:Let's say the backyard is 5,000 feet, the front yard is 2,500 feet, and irrigation costs $150 a month.

We were planning $600/mo mortgage payment, $100/mo insurance & $100/mo taxes - balloon payment in 5 yrs.We are providing $5k to pay back taxes ($4k), back hoa ($125), pump septic & grease trap clean out ($225), survey ($600)  & our children are paying closing costs ($1500).Deal stalled as owner backed out on seller finance.Suggestions?