You can be a part of a $4,000,000 Medical Office Building... something small.Rehabbing single family homes looks like fun on HGTV but it's a LOT of work, shopping for supplies with workers, supervising workers then open houses to sell or babysitting tenants via property mgmt or worse--DIY property management.Been there.

One mistake that I often see if people getting a cost segregation study before having a conversation with an accountant to see if it would be beneficial or not.The cost of a cost segregation study with an engineer stopping by the property starts at $2,000The cost of a DIY cost segregation study starts at $500Why pay for a study if it may not be helpful.Best of luck to you in your search.

If you plan to go big scale, then you will eventually outsource your bookkeeping and accounting to someone so you can focus on more deals.If you or @Eva Croasdale are interested in a DIY route, Keith Gormezano (a.k.a.

@Aaron K. It

Also I would like to know if I will need a contractor to install LVT here in Northern New Jersey or is it just a simple DIY project?

What if the buyer of your property gets hurt as a result of your DIY handyman remodel?

Many OOS investors set themselves up for failure because they don't truly take the time to understand:1) The Class of the NEIGHBORHOOD they are buying in - which is relative to the overall area.2) The Class of the PROPERTY they are buying - which is relative to the overall area.3) The Class of the TENANT POOL the Neighborhood & Property will attract - which is relative to the overall area.4) The Class of the CONTRACTORS that will work on their Property, given the Neighborhood location - which is relative to the overall area.5) The Class of the PROPERTY MANAGEMENT COMPANIES (PMC) that will manage their Property, given the Neighborhood location and the Tenants it will attract - which is relative to the overall area.6) That a Class X NEIGHBORHOOD will have mostly Class X PROPERTIES, which will only attract Class X TENANTS, CONTRACTORS AND PMCs and deliver Class X RESULTS.7) That OOS property Class rankings are often different than the Class ranking of the local market they live.8) Class A is relatively easy to manage, can even be DIY remote managed from another state.

We build kit homes and log cabins in VA and W.

If it’s a DIY, then I guess you would either have to check yourself or hire a contractor to have a look.

Welcome to BP community Shalu K.  It