You’ll learn about tenant relationships, property management, and the overall real estate process, which will be invaluable as you grow your investment portfolio.Market Research: Since you’re in Long Island, do some research on the local rental market.

Sounds like it is long enough that in my market you will need an electrician to add an outlet on both sides.B.

@Rene Hosman the answer to your question will have a lot more to do with your goals and if the market aligns with them.

The problem is their capital is tied up, so I've been asked if I would like to purchase the house and then lease it back to them.Here are some pros/cons that I can think of:Pros:-We haven't agreed to a rent amount, but it will be above market rate.  

Full-service property managers" or Turnkey providers aren't really a thing in Columbus because if you want a deal that makes sense you need to source it yourself off-market to add value and provide it to clients.

Purchased a 3 fam in Jan 2024 built in 2016 in an appreciating expensive market across the Hudson River from Manhattan NY. 2 units were vacant on acquisition and completed rehab in July, 3rd unit tenant vacated in May and completed rehab this week.

@OSAMAH AL-BAGHDADIAnalyzing a market Sperling’s Best Placeshttp://www.bestplaces.net/School Diggerhttps://www.schooldigger.com/State & Localhttps://www.statelocalgov.net/GeoMetrxhttps://geometrx.com/Social Explorerhttps://www.socialexplorer.com/Justice Maphttps://justicemap.org/Safety/Crime StatisticsSpotcrimehttps://spotcrime.com/ Family Watch Doghttp://www.familywatchdog.us/Neighborhood Scouthttps://www.neighborhoodscout.com/City Protecthttps://cityprotect.com/ Crime Mappinghttps://www.crimemapping.com/

Purchase price: $82,000 Cash invested: $1,000 Sale price: $132,000 Off market (direct mail) purchase then Wholetail

Purchase price: $525,000 Sale price: $575,000 Stevens Pass Wholetail #2 - off market pickup (wholesaler) then close & wholetail

Love Monmouth County - we manage properties in this area, it's a very strong market.