I found a property on an auction site that I'd like to bid on.

It’s also worth considering a multi-family property for your first deal since it can help with cash flow.

You can't do that if the property is out of state.

Buy quality properties in quality areas.

Your best bet is a property on water and sewer in a non HOA community and either convert the garage to an ADU or Build a separate ADU .

would love some commentary from peer cities in the midwest especially property managers or STR managers.

After three years of managing all businesses and properties, we built up our capital and transitioned into full-time investment in Multi-Family Commercial Units.Since then, we moved to Nashville, TN, got engaged, and have two beautiful fur babies.

I've handed off my LTR to a separate PM and they want to be named on a general public insurance policy for the unit, but truth be told, I feel like I need a solid umbrella policy to cover the MTR and any claims against myself and husband as the owners of the property.

We are working with our property manager getting everything ready to go- we are just a few weeks out from going live (fingers crossed).

Some state regulate what happens to a security deposit when a property transfers.