Quote from @Johnny McKeon: Sorry to hijack,  I own 12 apartment buildings with 53 apartment units in the Phoenix Arizona Metro, I self-manage everything.

Hi Karla from Montreal, Canada-You ask an interesting question.Should your first real estate investment be new construction, since you and your partner have construction management experience, or flipping an existing home as you originally thought you would?

Do you mean it would need an architect because that's required by the jurisdiction, or because the project itself would need an architect's expertise?

I got great value from a $200 course on how to use Quickbooks for managing SF rentals. 

If they don't show up, projects get very delayed and become unprofitable, even costly.

For a truly passive experience you'd probably need to be an investor in private equity deals or be a silent partner on a project.

➡️Manage existing portfolios.

To better project growth rates for the next five years, we should examine the pre-COVID period from 2015-01-01 to 2020-03-01.

Managing 25 properties worldwide, I’ve scaled operations to generate $1M+ annually, which led to acquiring a hotel in Costa Rica.

Property management vs. self-managing:Self-managing—at least in the beginning—can be invaluable.