If not, a management company would essentially kill any margin you were making.

Do you have a title company you work with regularly in Tampa?

Hi Soyoung, Consider consulting with a real estate attorney or property management company familiar with the area.

You also do have to always hire a management company there are other options.

Many people don't make a profit, obviously odds of success get better with experience/good team, etc.consider until you have more time to commit to instead look at buying publicly traded equity REITs, not mortgage REITS, they are trickyget subscription to Seeking Alpha and follow Brad Thomas, Jussi Askola and many others research/writing to start withREITS have beaten the SP500 last 50 yrs, by a lot, 13% to 11% just in last 20 yrs too, and they have taken a temporary beating due to sudden rise in 10 yr rates and hence CAP rates, but their underlying rent roles have only gone up.

Are they a good company to work with? 

We haven’t found good development ones on the market outside of the ones my prior development companies used.

You can't add value to your crypto.You probably don't even know what your 401k is invested into (or, if you even SUPPORT the companies you're investing in.)You can't add value to your Apple stock or Meta stock.But you CAN buy a great property, fix it up, solve the problems, and INCREASE the value (and cash flow.)

It's a good idea to consult a lawyer and/or insurance company for professional advice on these specific matters.

alot of Insurance company stop writing policy in long island NY.