You'll need a reliable network of local professionals (plumbers, electricians, handymen) you can trust.Hiring a Property Manager:Peace of Mind: They handle day-to-day operations, tenant communications, and legal compliance.Local Expertise: They understand the local market trends and rental laws in Colorado Springs.Cost: While there’s a fee, many find it worth the reduction in stress and time commitment.Lessons Learned from ExperienceBuild a Strong Local Team: Even if you manage the property yourself, having a dependable local handyman and a real estate attorney can save you headaches.Leverage Technology: Utilize property management software for rent collection, maintenance requests, and tenant screening.

If you believe the hype and there are no deals and you need to go big, then your actions will mirror your beliefs.If you think you can close a 6 unit, then you eventually close it, and then move on to a larger deal.Be prepared for the opportunities that are about to hit the market!

Do you think this storm will cause prices to finally decline in the once red hot short-term rental market in Florida?

Columbus, Ohio is a great market to consider if you're leaning towards appreciation.

@Maria T. as others have said, preferred equity has a place and can be good or bad depending on how your structure your capital stack and your investment/investor's objectives. 

Also your capital gain is lowered the more you bonus.If you are going to accelerate you need to really consider how much personal property there, how long you're going to hold it, any offsets available, alternative transaction structures like installment sales or even delaying it a year.Publication 5653 (6-2022) (irs.gov)It lists four more including the ones below.The detailed engineering cost estimate approach (or detailed estimate approach) is similar to the detailed cost approach.

This exclusion covers your capital gain on the portion of the sale that’s not part of the exchange.3.

This will demonstrate to lenders that you have a clear plan and an understanding of the market.2.

Good morningIf I have  250 K capital , can I make 120 K a year from flipping?

In Madison, and I assume your market, we have always had discount broker options to basically just get your listing on the MLS and not much else as well as sellers just exposing it to the market themselves off the MLS and hoping to maybe pay no buyer agent commission, where the buyers have no agent they are working with or the buyer agrees to pay their agent directly.