We will end up having to complete more of the labor on this project ourselves than planned and we will be fortunate to finish this one without being in the RED.

Consider factors like flight convenience, property management options, and your comfort level with the local market conditions.

Here are some tips and insights to consider as you begin building your real estate portfolio:Options:Refinancing: If you have equity in your condo, consider refinancing to access funds for future investments.Investment Loans: Explore options like conventional loans for financing future rental properties.HELOC: Depending on your equity and financial situation, a Home Equity Line of Credit (HELOC) could provide flexible financing for down payments or renovations on new properties.Build a Financial Strategy:Budgeting: Create a detailed budget that includes mortgage payments, property taxes, insurance, and maintenance costs for your rental property.Cash Flow Analysis: Calculate expected rental income versus expenses to ensure positive cash flow.Emergency Fund: Set aside funds for unexpected repairs or vacancies.Research the Rental Market:Location: Choose rental properties in areas with strong rental demand and potential for appreciation.Tenant Profile: Understand the demographics and preferences of renters in your target market.Market Trends: Stay updated on rental market trends and local regulations affecting landlords.Property Management:Self-Management vs.

Quote from @Connor Golden: David's book is a great start.I think it's important to narrow in on a market, then look for a solid Property Manager.

I would employ a property management company that can handle this for you, like the one I work for as an agent.

Is there an assumed percentage already embedded there for property management, CapEx and repairs?

Does anyone have a property manager, relator, contractor, CPA that they can recommend in the area?

Project took approximately 18-20 months due to contractor delays.

Our management company has interviewed vendors our there that have capabilities, using AI, to verify authenticity of certain documents, including ID's.

Does anyone here use Buildium for property management and Quickbooks for accounting?