Because counties usually set the fair market value of properties  about 15% below the actual sales value.  

I’m just taking it one step at a time, learning as I go, and trying to set things up the right way from the start.

I’m committed to keeping my options open and continuing to learn about being a landlord to ensure I’m well-prepared for my first purchase.To improve my ability to analyze deals, I’ve developed a two-part plan:Join a local BP meet-up group to discuss my goals and support others.Continue learning and engaging with the BP forum.Thank you again for your guidance—it’s truly appreciated!

My goal is to acquire my first investment property, ideally a single-family rental, by early-2025.I’m particularly interested in hearing from others who’ve navigated the Hudson Valley or Catskills markets, especially with rental properties or creative financing strategies.

The goal is to ensure that the property remains viable even if circumstances change, like dealing with a non-paying tenant or a market downturn.

The return on equity is probably very low considering they are paid off so maybe explore refinancing or selling the lowest performing one(s) or your biggest headaches to reinvest in more lucrative deals.I noticed you also used a metric of number of rentals to attain your goal rather than $$$/month.

After watching some of the podcasts and reading posts I am set on starting my real estate journey utilizing the house hacking strategy.

If they pay earlier than their set up date, unnecessary emails stating payments need to be set up go out.

Common fees will include a set-up fee, a leasing fee for each turnover or a lease renewal fee, marking up maintenance, retaining late fees, and more.

It's essential to clearly define your goals.