Hello everyone,I am getting ready to make my first home a rental property.

Start small with manageable properties, mitigate risk with house hacking or partnerships, and stay active in the community.

I've just put my fifth rental property under contract and I'm really starting to hate manually dealing with bookkeeping in Stessa every month.

Hello, My name is Matthew I'm new to real estate investing and am currently looking to start off with a rental property to get started, having done a lot of reading and research on my end I'm still looking into getting a better understanding and more knowledge so that I can be as prepared as I can be.

and of course a lot of DSCR loans are quote with a 5 year pre-payment penalty which of course can be VERY expensive if you have a 5 year flat 5% PPP and either rates drop or market conditions are such that you would like to sell the property. 5% of 300k for example would be 15k. 

He said he does not physically visit the properties

Do the same thing with rental properties.

. ($2.3m for 9.3 approx acres)($1.1m for 4.5 approx acres)Best uses: Large estate with mother in law homeSmall development with 1/2 acre luxury homesTiny home communityOffice spaces made up of tiny home officesSmall retirement communityRestaurantsFlex warehouseCommercialThe property has approx 40' of Wilmeth Rd frontage.

The property's quick-sale prospects aligned with our strategy for fast, profitable flips.

A STR is both a business and a real estate investment.Having little oversight on a newly formed business would make me anxious also.As others have suggested, you should consider going to the area for the initial items(Purchase, renovation, etc).Once you buy 1-2 properties, you can look to unload these items to someone else.Best of luck