We purchased our first investment property during our time in public accounting and hired property management.

For us in CA we are sustainable because our income is large (400k per HH) and money keep flowing to tech sector.For other guy they are not sustainable as it's based on investment or migration.

A benefit to having the commercial property and entity is that we aim to utilize business credit, so that our personal credit and debt to income ratio is not tanked as we remodel or redesign or buy furniture. 

To avoid going through the same poor experience, keep reading.Even if someone gives you a referral here, do NOT make the mistake of assuming that the PMC will meet your expectations, just because they met the expectations of the referral source.In our experience, the #1 mistake owners make when selecting a Property Management Company (PMC) is ASSUMING instead of CONFIRMING.It's often a case of not doing enough research, as they don't know what they don't know!

My husband and I are looking for our first property with the intent to buy others in the future.

Not all lenders can do that, but...for instance...I'm actually a District Manager with Build 2 Rent here in Florida and we have off-market investment properties (both occupied and vacant) that you can purchase with our in-house lenders and interest rates in the low 4's because of the incentives we currently have available. 

First, never send a lender money unless it's to be paid for appraisal or admin charges and if you looking for a good lender I could refer you to our hedge fund which offers you a hard money loan with no experience and only must be a homeowner.

The pro forma the builder put on our page shows 11.5% CoC ROI (if you look at the bottom of the page where the ROI is broken out). 

Investment Info:

Single-family residence buy & hold investment.

Purchase price: $342,000

We purchased this home in 2021, lived in it for two years and then started renting it. We used the VA loan and...

I am also trying to utilize the first-time home buyer down payment assistance program, but the site says they don't allow investment opportunities.