@Chris Kay to learn to properly DIY manage you have two basic options:1) Trial & fire on your own, hopefully not making a major mistake that costs you tens of thousands of dollars.- Once your time is more impotant to you then the cost of a PMC, you can hire one.2) Hire a PMC to guide you on your first rental and learn from their expertise.- You can buy additional properties and DIY manage those, perhaps leaning on the PMC for any issues you're not sure how to handle on your own.Good luck:)

I'm not sure if we can like to articles on our own websites here, so to be safe I'll just suggest the IRS web page, which does do a pretty good job of explaining the basics: https://www.irs.gov/taxtopics/tc510The main thing to know if you're going to claim business miles is that you do need to keep a log of every business trip. 

It will familiarize you with the basic terminology and benefits.

Electrical work, plumbing, foundation, windows, roofing, and AC/Heat.

Are you in a market where water lines could freeze in the winter if there’s no heat?

I'm Francisco Centeno (REALTOR)So, cost segregation is basically deducting the depreciation of a property for years.Now, in the hypothetically situation...If both of you combines were earning $700k and you just bought a $2m property, and the cost segregation you got from a professional for the $2m property is $316k.

And even if they do, they can change that at a monthly BOD meeting.Plus, since you are going to have to hire out the 1) Property Mgmt, 2) Repairs and maintenance, and 3) cleaning, your profit margin is going to be very slim, particualry in a condo (which will have a much leaner net profit than a basic house.Not trying to be a downer, but I'd suggest looking at another avenue for REI. 

Bob is very good on the customer support and that being said... they are the only company other than myself that I have invested with  basically EVER... as I do my own deals.But I had money stacking up in my SDRA and of course I can't self deal.. so I chose one of his new investments which is more akin to what I like.. quicker turn and high IRR...

Learn the basics of what a good deal looks like and how to find them.

Next time if you’re not going to use an inspector then do a basic inspection yourself.