Having said that, I renewed my excellent tenants with increases to make sure I’m as close to market as I can be -knowing that future increases will be limited.

I understand these numbers can vary depending on financing, market conditions, and other factors, so I’d appreciate any insights based on different scenarios:All-Cash Deal: If this were an all-cash transaction, what multiples or IRR would you consider acceptable or ideal?

If you find a local realtor and loan officer who specializes in investing in your area, start having conversations to get up to speed on your market.

However, whatever route you go make sure you hire an independent agent rather than captive so they can shop the entire market for you! 

They also offer a marketing option and outsources to another provider for bookkeeping.I love it, however, it’s missing one key thing for me.

Go to Etsy and search for "rental property tracker," and you will find hundreds of nice spreadsheets to track 10-20 rentals, usually for under $10.Software has extremely helpful features like online payments, marketing syndication (click a button, and your property is advertised on multiple sites), electronic document review/signing, maintenance tracking, and owner reports.

Who's your market? 

Paying too much initially can significantly impact overall returns, emphasizing the need for thorough due diligence and possibly more stringent financial analysis before purchasing.For future investments, consider leveraging local market knowledge further and refining your property evaluation techniques.

Hello everyone,I’m currently exploring opportunities in new construction projects in North and South Carolina and would greatly appreciate any insights or resources you might be able to share.Specifically, I’m interested in:Key areas with high demand for new constructionBest practices for navigating local regulations and permitting processesRecommendations for reliable contractors and suppliers in the regionAny recent market trends or data that could inform my investment strategyThank you in advance for your assistance.

OngTo succeed in real estate investing, follow these strategies: attend seminars, build an online presence, fund your first deal, learn wholesaling, partner with someone with capital, retain information from books, and achieve a net worth of $1 billion.