But you need to manage all those people, pay them, supervise their work)At this stage, the most uncomfortable thing about managing the property will be your ignorance.

Last fall we decided that the monthly would become LTR as soon as we needed contents for our Home Staging and ReDesign business, and 90day minimum until then.

We would therefore be looking to (1) purchase a SFH in a good (7+) elementary school neighborhood either ITP or very close for <300K (ideally 275K or less, needing minor repairs/cosmetic touch ups) and (2) very soon after that, purchase a second rental investment property targetting similar neighborhoods.I've narrowed neighborhoods to and around Tucker as having the best bang for the buck for SFH meeting these criteria, but would love to hear from the forum your opinions.Appreciate any you may have to share.Thanks, and be well and stay safe!

Old school RE investors keep information about clients in the Moleskine (image source):It has a very attractive learning curve and elementary data entry.

Any thoughts on purchasing new development home in the early to mid stages and then renting out have they've been built?

I’m in the beginning stages of a 1031, and the next purchase I make in this market will mostly likely be a >4 bed plus pool property.

I am in the stage of completing the course work required for the state of California.

Hello all,
I purchased a condo in Long Beach CA. I am currently looking to refi with a portfolio lender so that I can start my next project early in the fall.  The issue that I am running into is that I cant seem...

My Dad has been running the real estate business with no structure and no team. He has been sitting on unfinished properties and shown a loss for the last 16 years. My Brother and I are transitioning into taking the c...

@Dave Spooner I came to that time frame for a couple of reasons:1) It's a few months after the two-year requirement for exempting up to $250k in gains, so there's no pressure to rush the exit2) The upgrades I have planned can be done in stages, so it smoothes out the capital spend3) There's (in my opinion) going to be a lot of wreckage from COVID-19, none of which we can predict right now, so to me FY 2021 has a better-than-even chance of being a recovery year for the type of first-time buyer that this property would be attractive toUltimately, Q1 '22 takes us past the majority of the major uncertainty, and isn't much past the two-year mark that's required to get the exemptions.