I strongly believe that these skills are critical for anyone seeking success in this industry, and lacking them can put you at a disadvantage.If you are interested in learning more about this program, please let me know, and I will keep you in mind when it launches in the coming weeks.

This step is critical because it ensures that the property manager is knowledgeable and qualified to handle your investment.🤝 Agreement and Alignment: Ensure that you have a clear agreement with your property manager, outlining the responsibilities, fees, and expectations.

Also, depending on your price point, this might be the first time the buyer is looking at a house with a critical eye. 

@Terrence Bayly it sounds like you found out the hard way that working with the right LO is absolutely critical to your success. 

The tax planning will come later after you reach critical mass and/or the properties are throwing off enough sustainable monthly cash flow to allow one of you to quit your job.The other option I was considering to convert my retirement funds into Self directed Roth IRA LLC and use this tax deferred strategy as part of my future real estate portfolio for, say, BRRRs...Consult your advisors before doing this to make sure everything is above board. 

Of course you can have a sign out sheet for keys removed from the key storage by your people, but distracted people easily forget to sign...which is why it is CRITICAL to impress on everyone not to remove the original sets from the room.When a large project of former Military Housing was transitioned to private ownership and management, we actually went to the housing office where they had these large computerized "key safes" that you logged into, requested keys for a specific address, and it would dispense them.

So it is critical you add a fellow investor/realtor on your team that will help you with the aforementioned needs.

I have personal family members who make that in a MONTH and live literally in the sticks (not a traffic signal for miles) bc that's where we are from and we never forget that or let money change us.You would be better served to take inventory of your personal happiness level than to criticize others of where they live...

It adds average tenancy and vacancy lengths for the specific hood, maybe a number as critical as the rent amount.

I'm not trying to be critical I'm just genuinely curious how you underwrote this one.