Unless you plan to never deal with tenants (PM skills are very valuable) it will be an eye opener for you.

I would be inclined to do it for free if she’s your friend. i would be scared she had no plan to pay for the rehab when she purchased.How much money we we walking about?

But if you plan to invest out of state it'll be important to build your core-4: https://www.biggerpockets.com/blog/core-four-real-estate-tea...I'd also recommend traveling to any out of state market you plan to invest in.

If you have plans to grow your investment business, I recommend getting it set up now.

Further, Buyer beware - some of the stuff will not work and you have to plan accordingly.

My partner and i are planning to buy a property.

You should do a careful financial analysis to see how much rental income you might make compared to the expenses and potential challenges of being a landlord in California.

I would definitely speak to a tax pro before finalizing any plans.

@Ben HofstraTo be ready for the purchase of property that you plan to undertake as from September 2025, read more about investing in real estate, set your standards and financial readiness in place.

I plan to shop around for my information as well as to get the right option.