You have no control over your own property if you allow a new property management company to choose your first tenant when you only have one property.Know the costs of every call, handyman, etc in advance.

Continuous learning is essential, and networking plays a crucial role in this industry.

I had to go to zoning and spend thousands to get it legalized.Your situation seems as if it is zoned as a single family home, and it was split into 2 apartments with no building permits.He's selling the property because he has the wrong zoning, and is finding a bank or an investor who over looks the problems that will arise once they close.With the way things are with insurance, I wouldn't be surprised if your insurance company will not insure for two unitsgood luckGino

Both are older homes, the 3/3 was renovated in the 80s.2/1 home is prime candidate for a tandem house out back or teardown and convert to Rowhome zoning, (properties were recently rezoned just across the alley tandem homes, ADU already zoned ok) 3/3 is newer, on a double lot, but my thinking is that I could hold these for a while, go through the rezoning process and sell both if/when the neighborhood continues to get hot enough for more density building, possibly work with a contractor friend of mine to get going in this direction, or try to do construction of tandem home behind 2/2 and then adu behind 3/3 home.Are there any resources for spreadsheets or analysis specifically in this realm/that I could show my financiers to calculate the projections on this?

Feels like Partial 1031 Exchange would also be an opportunity, correct me if I'm wrong @Dave Foster, if you continue to rent out the property after the sale. 

Find a mentor that will let you shadow them, continue learning on Bigger Pockets, and TRACK things that matter.Please don't get discouraged...real estate is a long-term play. 

We're now looking for another investment property...the market has shifted, interest rates are higher now, and there are many investors in our local market that have long ago snapped up the easy ones.Now, I'm continually listening to BP and other podcasts with the idea of figuring out how to create a good deal, instead of "finding" a good deal.Also, whether you're a real estate agent or an investor, remember that the market will change...the interest rates, rent rates, and who knows what else will change. 

His were cheap to buy, easy to clean and are booked continuously, he has the HOA to contend with.  

Hi everyone,I've had several issues (washing machine, stove, garage door's motor, roof leak, etc.) with the properties I own. Home warranty has not been helpful at all. Am I doing something wrong or is home warranty j...

It doesn't look like it would affect small, private landlords who have 10 or fewer units just big PM companies.