Made an offer on a house out in suffolk county looking for someone who can recommend a good appraiser. When I bought my home I was very new and just used everyone my real estate agent recommended. This time I want to ...

Hard work is required and consistency is a Must.

I am a broker for almost 30 years and an active investor for last 10 years in Long Island New York area. 

If you consistently analyze properties, it will be much easier to recognize a good deal when it shows up.

It is important to think in advance with more diligence, greater discipline and more consistency.

Is your $ going to go further if you put it into another property or would you be safer just letting the PM company manage it and get some consistent income?

I will likely deploy it again into real estate but am investing in ETF for a few years to see if I can build consistent passive income.

If you're looking for a "value-add" property that needs a bit of work, the biggest risk that most of our clients run into is deferred maintenance and capital improvements as labor and material costs have gone up.The most non-extraordinary way that I've seen people making millions from house hacking is by simply buying a multifamily at a fair price, in a B- area, consistently raising rent, minimize vacancy, address maintenance issues, and just hold on (refinance and repeat).Hope that's helpful. 

The things that help you stand out are (in no order and not just these items) Location, amenities of the community, size of the community (can it handle the traffic), reputation of community, how well the house is themed (or can be by you).You need to be in a highly amenitized communtiy like Championsgate, Windsor Island, Soterra and several others.

From their website:  "Royal Shell has more than 500 vacation rental homes on Sanibel and Captiva Islands and about 1,500 mainland and island homes throughout Southwest Florida, and in Ocala and North Carolina.