We have owned STRs in the Carolina Beach and Wilmington region for several years, but now we are looking for new opportunities and to expand our portfolio, either in STR, motels, RV parks, or some other area of hospitality.

I also own a 5 unit apartment in Cleveland which I manage with a partner.

I took over the management of our portfolio while living overseas, and found one of the most challenging pieces of management was finding someone to do an easy task (photos, move-out inspections, meeting a locksmith, etc.).

We have a 1 bedroom condo in Baldwin Hills that we would really like a property manager to help us manage.

I own a large portfolio of single family rentals here in Memphis.

I personally work in the Columbus, Oh market because my research lead to this market.Build a Local Team:Find reliable local professionals such as real estate agents, property managers, contractors, and attorneys who are familiar with the market.Network with local investors and attend real estate meetups to get referrals and build connections.Set Investment Criteria:Define your investment goals, such as cash flow, appreciation, or a balance of both.Determine your budget, financing options, and the type of properties you want to invest in (single-family homes, multi-family units, commercial properties, etc.).Financial Preparation:Secure financing or funding for your investment.

I slept well at night, even with a portfolio of SF rentals in my name, because I had a $2M umbrella.When done correctly, an LLC adds another layer. 

They dont teach basic fiscal management in school .

If it becomes too much of a burden which I do not see how switch to a management company.

Evening from Alaska, My business partner and I are new to real estate investing and trying to get our first deal going in a high-interest rate market. We're excited to get started and begin our journey to financial fr...