Cities and regions experiencing economic expansion tend to attract more renters and offer better long-term investment potential.

I tried to research the best and most user-friendly PM site that did not charge a fee to maintain a property, being that it was my first one and I was self-managing and not using a PM.  

@Ernest Grindle Thank you for the great input, it sounds like you've done a lot more research than I have!

By the way, I posted my first potential MF deal here, if you want to take a look: https://www.biggerpockets.com/forums/432/topics/1188181-12-u...Thanks again for the contributions.

Thoroughly research the industry, field, business you’re interested in to see if there’s a “niche”, unique approach, unserved customer base, or anything similar that can be exploited to earn income 3 standard deviations above the mean.

Here are a few ways technology is revolutionizing the real estate sector:Virtual Reality (VR) and Augmented Reality (AR): VR and AR technologies allow potential buyers to tour properties remotely, providing a realistic sense of the space without the need for physical visits.Blockchain and Real Estate Transactions: Blockchain technology offers a secure, transparent way to conduct real estate transactions, reducing fraud and speeding up the process.Property Management Software: Modern property management solutions automate many aspects of property management, from tenant screening to rent collection, making it easier and more efficient to manage rental properties.Embracing Sustainability in Real EstateSustainability is no longer just a buzzword; it's a critical consideration for the real estate sector.

While initially enthusiastic about the potential of the property, upon inspection, I found myself overwhelmed by the extent of work required for its rehabilitation.As a beginner in this field, I must admit that I feel ill-equipped to accurately assess the necessary renovations and calculate the total cost of rehabilitation.

However, you could still have - cashflow on paper, but still break even or potentially have + cashflow on your taxes.

I wrote "I am looking to raise private money" on my name tag and now I have several potential passive partners for my next deal.

Do your own research.