Insurance claims are never fun and with being in an HOA certainly makes it a bit more complicated.  

Fun and exciting stuff.Hope all is going well...Rog

But the monthly cash flow builds up quick and it’s fun to go out and get another with 20% down.

Use a consistent naming convention - ex. 2024.03.25 Home Depot3 Maintain proper records - Contracts, Settlement Statements, Agreements, Promissory Notes etc.Additionally, you can track income and expenses consistently, using software or spreadsheets.As you scale, if bookkeeping isn't fun for you, consider hiring a bookkeeper for a couple hundred bucks per month.

North Carolina, as an example, is Non-Judicial--but has the fun quirk of ten day upset bid periods during foreclosure.

🏠📈 Real Estate Update 📉🏠Here's the latest market report (based on single family homes) 📊:🏡 Mortgage Rates:30-year conventional rate today is 7.25%30-year VA rate today is 6.65% 💰 Median Sales Price:February: $460,000March: $475,000April: $476,000📈 New Listings:February: 1,669March: 1,845April: 1,914📅 Median Days on Market Until Sale:February: 21March: 16April: 13Some fun facts!

It's been fun so far and I am excited to make my first investment soon.

@Richard Chover,You're in a good area for it with the wineries and casino.

What seems more appetizing to you? - SMF, 200-300k, in C- to C+ area , immediate cash flow (5-8% ROI), 3% appreciation/year, and 5% Vacancy- SFH/SMF, 400k+, in B+ to A- area, break even (for the first year), 6% apprec...

If you are scaling quickly, you may want to consider this decision carefully as it is not fun to switch.