The lessons you learned the hard way in 2008 will be invaluable now, and it’s great that you’re aiming to stay small-scale and within your comfort zone of Sacramento, which gives you an advantage of knowledge in that market.Given your experience, I'd say start by focusing on three key areas to build confidence and minimize risks:Budget Control: Over-renovating was one of the big mistakes you mentioned.

Some key qualities to look for include:- **Responsive communication**: A PM company that keeps you in the loop and addresses issues promptly- **Local expertise**: Knowledge of the Birmingham market and experience with Section 8 tenants.- **Proactive maintenance**: Regular inspections and quick resolution of maintenance issues to keep tenants happy and properties in good condition- **Transparent reporting**: Clear and detailed financial reports so you know exactly where your money is goingIf your current PM isn’t meeting these standards, it might be worth exploring other options.

Some wholesalers may see this as a hurdle or prefer to avoid the oversight from real estate boards.2.

Here's the key components to calculate your tax liabilityAdjusted cost basis - Is the purchase price, plus capital improvements, minus depreciation.

If you could a way to tokenize good deals I might be on board but I don't want anything to do with the distressed income deals you will likely be able to source unless I had ownership rights and could fix the problems causing the distress.

Hey @Reyna Ayala, simplicity is key to setting yourself up for growth without all the headaches.

House hacking is a fantastic way to start, but preparation is key.

The only situation that I think it would make sense for you to start investing right now would be if you are not investing the full $200,000 and are looking to take some money off the board and put it into a safer investment.

Insurance : This area of consideration deserves its own deep dive so we’ll briefly highlight key concerns. - The underinsured.

The real estate market in Dubai has many advantages, the key one being stability.