Now Im looking to maximize my potential, gain some financial independence and start making my money work for me and not work for my money.

The Alabama market was hot for me in 2022 then took a turn in '23 and '24.

Different phases of the journey I guess :)By starting with self-management, I definitely learned to appreciate what the PM was doing for me.

That is where the concern would be for me.

This doesn't replace the need for a MSA that will capture additional clauses needed on a Contractor-SubContractor relationship, this is just a project specific form you would use in addition to the MSA (prepared by your Attorney):This template is for informational purposes only and does not constitute legal advice.

To vet guests, you can use a pre-booking form, ask about their plans, and require an ID and signed agreement.

You may make $50k on a flip but have to wait 6 months from list. ( in specific areas - not all of CLE)As a full time investor turn time is hyper important for me to turn my properties and money over as many times as possible in a year.Another example is are you a flipper or a renter.

I would suggest coming to some investing meet ups and just start talking to others and form a plan based off of that.

Im reading a lot right now and this helps me a lot. 2 things I can't understand from properties I've looked until now ( which all requires a lot of work), 1- owners who wants to sell their property and tells me also the rehab price, which makes no sense for me,( even the rehab price for me, with a quick estimation is 30-40% less expensive then told to me. ), 2-  Realtors that don't knows the ARV or rent price after rehab.Thank you again best, Ilir

I googled it and found this:If you rent it to tenants, you would treat it as a rental and report it on a Form Schedule E.