It was a learning experience but I made it work in the end.Mine was a 5 unit commercial building that needed a gut renovation, similar to yours. 

How to Start Investing in Real Estate in 2025 (ZERO Experience)Good luck, Tyler! 

The information provided is based on my experience and industry knowledge but should not be considered legal, tax, or financial advice.

I'm just new to this world and wonder what someone with some experience would do.

I’m beginning to think that my experience differs from yours and others who have the same experience with sub to as you because almost all of my deals in the last 20 years have been COMMERCIAL properties; hence a significantly different species. 

My only experience with real estate was my father being a property manager (something I didn’t want to do).

Look for investors who have capital but lack time or experience—networking on BiggerPockets, LinkedIn, REIAs, and local investor events is key.

While most of his experience is with new construction rather than remodels, he’s already given me a few pointers and is looking into potential referrals for me.

It also gave me the chance to experiment with short-term rentals before transitioning to a long-term hold, reinforcing my strategy for growing a real estate portfolio.

@Helena Lee, I do not have experience with it, BUT I would expect to pay capital gains on the bitcoin.