You may find out you don't enjoy it at all, or that you're not good enough to manage it and can't afford a property manager.

If you have a lot of equity that you can use for the next property, that’s a great way to build your portfolio, make sure the potential rents would have no problem paying the mortgage.

Hi, I am closing on my first property and would like to connect with local lenders, property managers, handymen/trades, and other investors.

PLUS expenses (maintenance = 10%, repairs = 10%, management = 12%), PLUS the business loan = around $393. 

One recommendation is find a good property manager, he will be an important key player

Examples where this has been done successfully include bed and breakfasts, self storage properties needing 24 hour management presence  with living quarters. 

My firm also manages properties for our clients and although its a small portion of our business, its a great way for us to stay involved with clients to better understand & anticipate their needs. 

Whether you're flipping houses, managing rentals, or simply looking to increase your home's market value, a stunning kitchen remodel can make a significant difference.

Does anyone have recommendations for a local property manager? 

I have never encountered anyone who was saved because their investment property was under an LLC.Focus on buying property and managing it well.