Consulting a CPA or tax attorney is strongly recommended before proceeding.This post does not create a CPA-Client relationship.

Hello Andrew,I’d recommend starting by finding an agent who specializes in rental properties.

My recommendation:  Punt. 

I’d recommend starting with rental arbitrage to get your feet wet and generate some positive cash flow.While I haven’t personally done rental arbitrage, some of my employees have, and they found it to be profitable.However, as a long-term strategy, you’re essentially building your castle on someone else’s land.

Please reach out or comment if you have recommendations or referrals.

My recommendation would be different if you were a high-income earner or if you wanted steady equity growth.

I never recommend to my clients to be the ones to deal with the tenants unless they have the experience.2.

I was able to work at my counseling practice and my wife was able to stay home with our kids. 

Most of our newer investors approach 2-3 lenders to discuss loan options.Some lenders recommend making your financing inquiries within a 45-day time period to avoid larger drops in your credit scores.All the best!

The squeaky wheel wins in development so I'd recommend you staying on all communication with the city so that you can see the communication and push as the owner.