The more you spend up front on renovation will help you to reduce your expenses later. 

I've also started to assemble a potential team based in the Beaufort area, including attorneys, property inspectors, and an accountant.

Any and all thoughts are welcome, including wet blankets if need be.Thanks in advance!

that we’ve learned in our 24 years, managing almost 700 doors across the Metro Detroit area, including almost 100 S8 leases.

This includes details about the current market trends, investment opportunities, challenges faced, property management considerations, and any other factors that may be pertinent to someone considering real estate investments in these areas.I am open to any advice, suggestions, or recommendations.

If you get and use a big loss in year 1 of a syndication (the tax benefit), it is reducing your taxable basis in the deal.  

We have started including disclaimers to property owners when dealing with water penetration especially on interior walls that can come in from the roof, the siding, windows, doors, etc.Generally if you're not happy with your PM you should trust your gut and try out someone else, but also keep in mind 2023 and 2024 to date have been the most difficult leasing years in the last 10 years nationally and especially in Philadelphia.

A PM robbed me and my partner of $40K, including two months rent and security deposit.

I have some San Diego STRs and MTRs and will say we had the slowest off season since the Great Recession (not including COVID lockdown times).  

For your lender, you want to find someone who fits your investing strategy well and work with them to narrow down your buy box so that you can get a deal that is pretty simple to finance (this will reduce A LOT of headaches later on).