Seriously though, if you haven't already get your self a solid real estate-focused tax professional in your corner.

@Greg P.Given your objectives, if you extrapolate your numbers it would take 97 rentals earning $300/month to return $350,000 per year.One thing to keep in mind is that not wanting to invest locally and self manage, you will also have significant property management expenses.  

With $150k here you’re just a little tight on budget but can make it happen if you self-manage and do your own furnishing and design.  

It’s a bit intimidating since it’s outside my usual scope of business, but I’m committed to taking the time to learn how to be an effective landlord.

Raleigh is in a flywheel effect. 

If you are going to self manage you will need to build business systems and get a list of reliable vendors.  

Click-through rate (CTR) helps measure how effective your ad is at grabbing attention, and if it’s low, you might need to adjust your targeting or creative.

Over time, we have developed systems to handle these situations as effectively as possible.

We are only selling completed homes with our own in house financing currently at 3.75%, a huge discount from most bank rates.We are a long time property provider for some of the bigger podcasters: Real Estate Guys Radio, Marco Santorelli (Norada), Kathy Fetke (RWN) Jason Hartman ( Empowerd Investor) GRE (Keith Weinhold), Whitecoat Investor Group and more We also work with American Homes for Rent, Invitation Homes, Crescent, Haven Realty (JP Morgan) to name a few on the institutional side We are partially owned as of 2022 by Sumitomom Forestry, which means we have no bank debt and self fund all our building projects.

One effective strategy to maximize unit potential is to explore opportunities for adding extra units, especially in C-Class properties.