I’m a first-timer, so bear with me if I sound a little clueless – I’m still figuring it all out.Here’s the scoop: I’m looking to purchase a long-term rental property within the $300-350k budget range.

Sounds like you are better off in a high yield savings account like @Dominic Mazzarella mentioned...Just out of curiosity, Nilusha, what Chicago neighborhood are your 2 flats in?

I think that is their largest single asset/stock allocation actually too. 100k sounds lofty.

Troy Kearns just made it sound like it was an easy way to save money when you're rehabbing.

They preach relationship building with agents but not everyone has skills to do that. sounds like overpromise under deliver on the "Skill" side

It sounds like you had a terrible manager.

It sounds like your LLC is a disregarded entity.

That said, if managing sounds overwhelming or you’re strapped for time, hiring a property manager from the start is a perfectly valid option.

@Charlie Green Sounds like you have a knack for finding the diamonds in the rough (I have a similar client in KC).

sounds like your a good example of what i mentioned saying that BRRR isnt dead.