I have found many answers on many existing threads, to help guide me along my journey.Actual Question: Would you consider buying a foreclosure as your first investment property, as a relative beginner?

Hi everyone,I am looking for some advice on how to form and operate a property management company in Illinois as a realtor. 

Fellow Hampton Roads landlord & property manager here. 

I will be closing on an investment property this month and I wanted to know if it would be best to self-manage or to higher a property management company.. 

At the same time, educate yourself on how to manage the property well (most investors miss this critical step).

She has been doing property management in Jacksonville for years and can guide on MTR vs LTR and assets.

To manage risks, keep some cash saved, spread out your investments, and keep up with market moves.Good luck!

Well, if you rolled it over to a Roth IRA where you manage it it might be better.But, if rates rise a little more, just pull from your retirement funds to cover. 

The problem is that I live in California (which is cost prohibitive for me currently to "buy local") and must rely on remote management that is local to the investment area. 

I have a vacant rental that I am trying to use a property manager for the first time in Sonoma County (Windsor).