To increase your chances of finding the right property, expand your search criteria, use multiple platforms like MLS, and network with local professionals like real estate agents, property managers, and wholesalers.

We sold, again management issues and we were out of state.

However, it might come with higher maintenance costs and more management responsibilities.Financing and Down Payment: With your savings and HELOC, you can make a substantial down payment of 35-40%.

Specific to Gatlinburg-area owners, we are also looking at allowing self-managers to list their property on our site for a small monthly fee.

I frustratingly see so many deal offers, particularly in Multi-Family space, where GP/sponsor is putting nothing or next to nothing into the equity portion and is collecting 2-3% acquisition fee/ 0.5-1% loan origination fee/ 1.5% yearly asset management fee/ 1-2% disposition fee and then 50/50 splits to 60/40 splits over fairly modest hurdle rates of like 14-15%, and it seems this latter structure incentivizes GP to take more risks particularly with debt options.

I, and likely most people on here, would recommend finding a mentor in your area that has sor hands on experience with REI or property management.

A knowledgeable realtor should be comfortable discussing these concepts and applying them to potential properties.Ask about their network of contractors, property managers, lenders, and other professionals who can assist with your investment.Taking the time to find a REALTOR with the right experience and expertise will help ensure that you make informed and profitable investment decisions.

Manageable Renovations: The $25,000 needed for repairs was a reasonable investment to enhance the property's value.

Our efficient project management minimized costs and time, while our strategic marketing maximized exposure.

As many have noted in recent threads, quality of assets ends up being a larger driver to manage less doors (either self or through PM) while still achieving the same yield.