Building a strong team—like a trusted realtor, lender, and eventually property manager—will definitely help as you scale.

To start, get pre-approved for a loan, search for multi-family homes, plan commute, consider property taxes, leverage healthcare income, and build a local network.Good luck!

In many places the assessment process is done with limited and incorrect information in part because they don't have the right to enter a property unless the property owner chooses to allow it.

I bought it sight unseen as I viewed it as a small development project, did my due diligence up front and didn’t really care about the state of the house.There were 5 offers on the property to which I ended up knowing a few of the other bidders.

@Kala SamuelTo start investing in real estate, define your goals and strategy, choose a market with job growth, population growth, and rental demand, finance your first deal with FHA Loan, conventional Loan, or Hard Money Loans, find the right property, build a support team, make offers, inspect the property thoroughly, and manage wisely.

I'm excited to introduce Nuovo Management Corporation (aka Nuovo Corp), where we bring creativity and integrity to property renovations, flips, and preservation services.

We also were able to take over the property with 20% of equity built into the deal, and it is newly renovated.

@Troy Bailey no we moved on because we got outbid to n the property.

This month we'll answer your questions and hear from a property manager who has made it work!

I recognize that the CoC return is not as high as we'd like, but it does come with some built in equity (~$100,000)Details:- 3/2 Single family house (1487 sq ft) with a 1/1 ADU out back- Zipcode 78745- Purchase price: $469,900- Down payment: $50,000 plus CC (includes assignment fee)- Seller Finance $419,900 at 3.5% interest; 30 year amortization with a 15 year balloon- PITI $2744.02- Rental comps: $2667 for the 3/2; $1505 for the 1/1 - LTR according to BP (Total $4172)- Repairs needed - minimal, coat of paint and maybe swapping a window unit A/C for a mini split seems like a deal if the property is worth over $550k like you say it is.