However, ensure you understand the local tax structure and any potential future changes.Economic Dependence: While Albuquerque has a diversified economy, it's worth noting that government and military jobs play a significant role.

I'd also suggest self-managing your first property to maximize cash flow and learn by doing for any future investments.

This is my first investment of this sort and it has not worked out how I originally intended but I am learning from my mistakes and will be making better decisions in the near future What made you interested in investing in this type of deal?

Quote from @Rose White: When is the best time to ask your new / possible future tenant for a background check?

Although whichever option you go with make sure you're also thinking about the long-term property value and what makes the most sense vs trying different angles now that negatively impact future resale/property values down the line. 

Others recommend tools like Stessa or Buildium to track actual costs and project future expenses. 

With the future being so uncertain I realized there was a need to do more than just rely on my job for financial security. 

Taxes on the original gains are deferred until December 31, 2026, and future gains from the OZ property can be tax-free if held for 10+ years.

My concern is whether I’d then be locked into only larger deals in the future. 

Owners who prioritize full control of their future profits or plan to sell soon may not find this appealing.