Challenges?

What are some specific challenges or concerns that homeowners face when selling their homes on their own?

For some folks that is a hard step to pass.

Challenges?

We can share our stories and support each other as we navigate this exciting but challenging journey.Looking forward to learning and growing with all of you!

Next step is to find a competent and reasonable firm in SoCal :)@Anx Carter Your safest bet is to have your CPA/tax professional determine the land value.

Generally will want to see fully finished/turnkey to get a 30-year option like DSCR high credit or not.If you can get the first property completed and leased up and at least get the credit for yourself back up in the 650s pretty quickly then a DSCR Loan should be possible on that one - that can be the first step

steps to decide: 1-flush out the cash flows & sales proceeds of both scenarios, discount them based on what % of the return is likely to be realized vs "optimistic"2-find a delta in the cash flow of the risk-adjusted outcomes (pretend these are your most-likely outcomes)3-determine your time investment on the self-managed opportunity4-divide line item 2 by line item 3 and compare against how much income per year / hour your time is roughly worth5-if this figure is less than your desired income, avoid the time commitment investment; and if the figure is more than your income, buy the time commitment if you're wiling to do it.

I believe i was told financing in Baltimore can be a challenge.

The first step in that is terminating the month-to-month tenancy by posting a 30 day Notice to Quit on the property.