I'm an investor, property manage and agent in Savannah, GA.

🏡I’m excited to share some news—After spending the last 10+ years in Self Storage and managing my own rental properties, I’ve taken the leap further into the world of real estate!

Am managing this 4plex out of state.

Hi David,(1) I don't have much to invest ($280-$350k) and would want to diversify across different properties anyway (some DSTs are diversified, and I can probably pick up three different DSTs with my proceeds);(2) no direct participation in managing properties (tired of it);(3) illiquidity is not an issue (looking for a 7-10 or longer horizon, will need some cash 8-20 years down the road to fund the kids' college);(4) prefer paper investments in general, would be able to hedge declines in the real estate market with financial instruments (have a Ph.D. in finance and a CFA designation, but a newbie to RE exchanges).

Despite my concerns, I was convinced to proceed with the promise of a more manageable payment plan and reassurances of quick success in the real estate market.

Been managing this property myself for past 7 years.

I’ve managed to buy 7 buildings with 25 units.

There are conflicts of interest with the buying agent wanting to close, the selling agent wanting to close, the property manager wanting new business etc.

Using a 3rd party out of town manager when you live next door. . ..

@Eli JoffeTo make smart choices for your first rental in Cincinnati, look at key numbers: buy price, fix-up costs, closing costs, monthly rent, mortgage, management fees, vacancy rate, and upkeep costs.