Study the market.

In addition to what Yonah said, I have a post here that shares a lot of information on commonly asked questions regarding cost seg studies.

While i have no properties as of this post, i have been studying up on the industry and doing research.

What is my best place to start here studying/researching a good team strategy for investing in BRRR?

But in that time - study the comparables in your hood to get an idea of what you can charge (zillow, redfin, realtor.com helps - maybe dig a little deeper into it and find local property managers/landlords and ask them for comps in figures)lastly, I would say in the current market - your reserves pool / capex should be somewhere around 10%.

According to Texas Business Organizations Code (TBOC) Section 101.602(a)(1)-(2), specific languages must be included in the certificate of formation, operating agreement, and maintain separate books and records for each series.

Although I’d ask your attorney what is necessary based on your specific lease language and the law.

Study the market.

(Take care you study the condo rules & regs carefully, because THEY are in control.)When I started out I limited my out of pocket severely but that was 2008 and I could grab distressed foreclosures.

If you go the multifamily route, I would recommend doing a cost segregation study within the first 2 years to accelerate depreciation, save on taxes and increase cash flow so you can attain your next property quicker.I am bullish on Tampa because of Bill Gates multi billion dollar investment into downtown Water Street and the GasWorxx projects, both are transforming large swaths of the downtown and the urban core.Best of luck!