•Target a property in the $800K–$1M range to maximize leverage while keeping costs manageable.2.Open a Second LLC:•Create a new LLC for this property acquisition to separate liabilities and maintain a clean structure.3.Assign Funds & Organize Finances:•Allocate funds to property improvements, marketing for new deals, and reserves for emergencies.

Learn to outperform the market by looking at property entry values and resale values based on improvement.

After some minor maintenance projects and improvements, have had very few issues and cashflow has been slightly better than expected.

Also, you are not buying at a premium and can allow the property to appreciate if that said area is historically improving. 

Investing in curb appeal, such as landscaping improvements, can make a significant difference.

I wonder if rent control laws will be easing anytime soon in this city - other than capping rent prices, I don't think they do anything to help improve the quality of rentals.

Also, you are totally right, I will approach this one rental at a time to both improve my skills and check is this is for me.

Quick tips…✅ Everyday Homeowners - track all home improvements as you could qualify for energy efficiency home improvement credit - new exterior windows, new central A/C, new hot water heater, new insulation material.✅ Investors - Keep detailed records of ALL rental property expenses to reduce your taxable income - helping your CPA spot additional tax saving opportunities.Imperative to use a CPA who is well versed in Real Estate tax code.My CPA is just that - DM me to get his contact information....

On the other hand, these both are markets that are growing steadily so once you improve the property the equity is there.

Time saving in property acquisition, building improvements, purchasing living units, etc.3.