I am eager to get started on locking in my first investment property and have questions on what my best approach would be.I own my home and have been making slow improvements to it over the last year I have had it.

And while there are a ton of people on these forums and social media that I would never trust my money with, there are also a lot of people/companies that are on social media that are great operators with long track records.If you are not going to go that route, I recommend you start hitting up local meetups and REIA groups.  

You could even ask the seller for the plumber they used as a starting point.

There doesn't seem to be enough information to support that.If you purchase a property but then spend 4 months rehabbing it before its first occupancy, your depreciation starts from the date it's placed in service (first occupied) not the purchase date.

When you start paying out money for management and staff you start hemorrhaging dollars.

If your renovations are minimal, you can start advertising right away.

dear all, I am interested in a new build in this lot.

Great way to get started!

I’ve learned to start the permitting process early and keep a close eye on inspection timelines to avoid bottlenecks.It can be difficult to find contractors who are not only skilled but also reliable and available when you need them.

Proper due diligence will reduce your risk, but it won’t eliminate it entirely.Personally, I like value-add opportunities because they build in equity from the start.