I set aside 15% for CapEx, Vacancy, and Repairs/Maintenance combined. 

@Yang ZengYour situation presents a common dilemma for real estate investors: deciding between investing locally where you might be more familiar with the market but face high property prices, or exploring out-of-state opportunities where properties may be more affordable but come with their own set of challenges.Here are some considerations:Risk Tolerance: Take into account your degree of comfort and risk tolerance while managing properties remotely.Objectives: Specify your investing objectives, including cash flow, appreciation, or a combination of the two.Market study: To fully grasp the development potential, employment opportunities, and rental demand of prospective out-of-state markets, do in-depth market study.Hybrid Strategy: Another option is to choose a hybrid strategy, where you invest in a combination of local properties for stability and simpler management, and you set aside some of your portfolio for out-of-state properties for diversity.Before making a decision, it's essential to consult with real estate professionals, conduct in-depth market research, and possibly network with local investors in the markets you're interested in.Remember, there's no one-size-fits-all answer, and the best strategy depends on your financial goals, risk tolerance, and personal preferences.

We do mostly new construction single family and multifamily spec homes at wholesale prices if you want to get away from existing inventory. most agents here are going to set you up on a drip and to "let them know" when you see something you like.

These rules, which include a requirement that sellers set aside a portion of the purchase price for buyer-agent commissions, prohibitions on modifying the commission, and permission to filter listings by commission, all enable NAR, its co-defendants, and its members to maintain buyer-agent commissions at supra-competitive levels unrelated to brokers’ experience or the services provided, steer home buyers away from lower commission homes, and drive out discounters—among other harms."

From their perspective, they need to manage travel and set up time to protect their profits.

The situation is particularly critical as the Upper Peninsula has upcoming projects, such as the opening of Copper Peak, set to boost tourism, and the launch of copper mines.

or Nevada or Arizona, maybe, if that allows your to go to your projects in person.there's no such position as "BRRRR COO" that works for you - that's you until you get a team or business set up.

My plan is to rent out two of the rooms to help cover my mortgage payments.So far, the property appraisal has been completed, and I've set up home insurance.

I use OwnerRez. it is nice to set up email triggers, templates, create a direct booking website. it does integrate with Pricelabs and also has integration with other platforms besides VRBO and Airbnb. 

So what I really wanted from Wealthablity was a CPA firm with the Rich Dad philosophy.The Wealthability program is a set of video lessons of Tom teaching his book.