Hi Julia,Rehabbing fire-damaged properties can be a profitable venture, but it requires careful planning and additional considerations.

I wanted to help them out and minimize their loss and saw an opportunity to get a property slightly below market because of my commission savings, immediate mortgage and maintenance relief, in addition to keeping a lower short term interest rate How did you find this deal and how did you negotiate it?

I guess it can save you some time managing, for example one tax bill, one insurance bill. 

If you plan on living there, I would pick the place you want to live, then start investing.  

I took a 5 minute video of a long-term unit and put it on YouTube, that saved a ton of time for Denver local prospective tenants!

What is your plan on networking in NYC?

So if you over 10 hours a month dealing with your rentals you actually will be saving money by hiring a PM. 

I myself am in a similar position looking to acquire a secondary home in the Banner Elk and would plan on using as a STR and would love any input on your findings!!

With inflation driving up day-to-day expenses, saving enough to buy your first home is more of a challenge.

I’d recommend saving that $295 cash flow for some amount of time until you have considerable cash reserves saved up.