This is why the agencies don't let you swap out management companies, or engage in unexpected mass-renovations (as opposed to simply renovating on turnovers), without their prior approval.

One has needed about $60,000 in work but will be a power house when I go to BRRRR it around December.

Thankfully both are undamaged but power is still out.

House hacking is a powerful strategy, and where many including myself have started out.

I have heard developing an rv park one should budget $30k per space, which seems high to me but, all the 50 amp underground power, waste plumbing, possible lift stations, pads for rv's concrete use areas, pavement, landscaping, engineering, surveys, sitework etc, maybe?

Most don't have power.I have a lot of LTRs that where miraculously untouched except for minor stuff.Our Lake House never lost power.

Risk Assessment: Consider vacancy rates, potential repairs, and unexpected expenses.Once you're comfortable analyzing a few deals, you’ll be in a great spot to pull the trigger on your first property.If you need help with financing or want advice on what options might work for you, feel free to reach out.

This journey has been a testament to the power of action and perseverance.Key Takeaways:1.Education is Essential: Invest in your knowledge and seek guidance from experienced mentors.

If you want to hire a PM then by all means, hire a PM, but having some humility and realizing that you are in a position of power over this tenant does NOT mean you need to hire a PM immediately.

Morning coffee power hour, breakfast one day, a Happy Hour, whatever!