I am curious as a first time home buyer how the finances will work.

By increasing the property's value through renovations, you can potentially increase rental income and improve cash flow.Long-Term Rental Demand: Consider markets with strong long-term rental demand, such as college towns, military towns, or areas with growing industries.

Insights regarding a market's stability and development potential may be gained from factors like job growth, unemployment rates, and economic diversity.Make an effort to visit the prospective markets you are thinking about.

Studs, plates etc are probably double. if they have the electric and moving the HVAC(duct) in the labor it's potentially not a bad number.

Second reply:You may be right about the lower credit buyer.

Facebook and its groups can be a great way to find potential tenants.

The potential challenge when you sell though will be capital gains tax which means you may not be able to pocket $100K of gain.

I am a first time home buyer trying to start my real estate portfolio.

Then the buyer did some small things that didn’t give me much comfort...like holding the contract and changing terms.

That seems to really restrict the buyer's options and avenues for closing.