It’s impressive that you managed to keep your monthly expenses relatively low while securing a strong rent of $4,500.Your background as a Realtor and the benefits you leveraged as a veteran clearly gave you an edge.

Since we will be investing remotely, we plan to work with a property management company to oversee day-to-day operations.Does this sound like a solid strategy for a first investment property?

And i just wanna make sure we are prepared and can finish this project.   

That means creating a clear budget, forecasting cash flow, and maintaining a detailed financial model that tracks both the current and future performance of your portfolio.Tax Optimization & Risk ManagementBeyond financial clarity, strategic tax planning and risk management are essential to safeguard and grow your real estate investments.

I immediately recognized that the listing agent/property manager had the current rent well below market & the asking price massively wrong.

In my capacity in property management in the Chattanooga area, I work with quite a few brokerages and am more than happy to give you my perspective!

No syndication experience but there are about a dozen quality RV/Mobile home parks on market in Oregon, several with owner carry options that can be passiv-ish with management in place.

Curious, did you ever start your project? 

Our management company currently collects a traditional deposit from all tenants, including traveling healthcare professionals.

Hello everyone!  I’m excited to get started on my real estate journey. I’ve done a couple of fix and flips but I’m looking to build a rental portfolio. I’m looking in the DFW market initially and I’m definitely open t...