The only situation that I think it would make sense for you to start investing right now would be if you are not investing the full $200,000 and are looking to take some money off the board and put it into a safer investment.

For a the new investors I work with, I recommend to look for a turn key deal.

House hacking is a fantastic way to start, but preparation is key.

Here's the key components to calculate your tax liabilityAdjusted cost basis - Is the purchase price, plus capital improvements, minus depreciation.

Alternative is to get a board certified real estate attorney to assist you.

Given everything you've shared, one key thing to consider is flexibility.

The key is finding the right area/market and having a solid rehab plan that doesn't go too far over budget.

Send me a message if you would like a copy of our7 CRITICAL STEPS TO PREVENT A TENANT NIGHTMARE BEFORE HANDING OVER THE KEYS

These are key reviews for you and your team to review prior to out price confirmation. 

Some key qualities to look for include:- **Responsive communication**: A PM company that keeps you in the loop and addresses issues promptly- **Local expertise**: Knowledge of the Birmingham market and experience with Section 8 tenants.- **Proactive maintenance**: Regular inspections and quick resolution of maintenance issues to keep tenants happy and properties in good condition- **Transparent reporting**: Clear and detailed financial reports so you know exactly where your money is goingIf your current PM isn’t meeting these standards, it might be worth exploring other options.