Understand the fees involved and calculate the total cost for an entire year of management so you can compare the different managers.

No one ever purchased a rental property.

Take your sales price, minus selling costs, minus any capex, minus purchase price and that’s your taxable gain.

Foreclosure auction buyers cannot walk the property and have no idea of its condition.

Don't forget the assembling cost.

Here are my two cents...I recommend starting in a market with strong fundamentals, such as steady population growth, an influx of major corporations or large businesses relocating to the area, an affordable cost of living, and high rental demand.

https://www.biggerpockets.com/forums/51/topics/1122635-the-s...For 2024, it will be a mixed-use personal/vacation property on which no losses are allowed at all.

That makes no sense. 

Down Payment + Closing Costs = Cash to Close.For your purchase contract, I'd have suggested an escalation clause requiring proof of next best offer upon acceptance.

There's plenty of great areas for REI up there, no?