The property management side, realty medics, could use a tune up as well. 3 day notice not posted until the 17th after me hounding them.

Decided to move forward with purchase.

Self managing or using a property manager?

I am a local investor, broker, and own a property management company.

Or even rent the room out long term if I ever decided to.Just trying to get as much info from as many minds as possible before starting the process.

Also, consider reaching out to local property management companies for their input on rental demand and market conditions.Comparative Market Analysis (CMA): Your agent’s assertion about good rental comps should be backed by a Comparative Market Analysis.

Foreclosures, short sales, and off-market deals can provide these opportunities.Target up-and-coming neighborhoods with increasing home values rather than already hot areas.Research comparable recent sales and get an inspection to accurately estimate the after-repair value (ARV) before making an offer.Follow the 70% rule - the purchase price plus renovations should not exceed 70% of the ARV to leave room for profits after selling costs.Focus renovations on maximizing returns - kitchens, bathrooms, curb appeal rather than over-improving.Hire experienced contractors and have a project manager oversee work to keep things on schedule.Price the renovated home at or just slightly below comparable recent sales to facilitate a quick sale.

Open to properties around the country with PM management, but focusing currently on the South and Midwest.

As long as you can manage the short term, you will succeed in the long term.

You need someone to help you with finding A property, rehabbing, project managing rehab and property management.