After many life changes in the last two years my husband and I have decided we are ready to embark on the journey of buying our first home.

I am looking into the following markets and would like to get feedback from seasoned investors/realtors/lenders/project managers regarding the market barometer is like. 

I haven't set specific targets beyond this initial goal, but I may aim to increase my passive income to $5,000 or $10,000 per month in the future.Current PropertiesI currently have two properties:The Loft:This property is rented out long-term and generates around $300 per month in passive income after HOA and management fees.The loft has approximately $100,000 in equity.The House:This is a brand-new build (2024) that I'm currently occupying through house hacking.I invested $70,000 in the property, which means I have $70,000 in equity.My plan is to convert this property into an Airbnb or long-term rental within the next two years.Short-term rental comps suggest I can earn around $3,500-$4,000 per month, while long-term rental comps indicate I can earn around $3,000-$3,300 per month.Seeking AdviceGiven my upcoming financial situation, I'm seeking advice on the best course of action.

If you don't have the stomach for that, hire an excellent property manager and let them be the bad guy. 

@Peter TrifanI would reach out to as many brokers and property management companies in your market for recommendations.

Can I create an LLC just for running the Biz/managing aspect, but not transfer my property into the LLC?

Consider property management services if you plan to rent out the property, especially if you are an overseas investor.- Contract Details and Terms: Carefully review the sales contract, including all terms and conditions.

And there are also leaks coming in at the corners of the ceiling from the water management. 

I'm budgeting 10% each for property manager and vacancies, and 5% each for CapEx and repairs. 

@Kenneth QuachHave you ever bought, run and managed an investment asset ?