The property sold at tax sale for $100,000.

Hi there, I'm considering starting my fix and flip business with a first property in Tampa.

Hi everyone, my wife recently reached the dream of being able to retire at 49 thanks to rental properties.  

It's tricky every country has its own rules, regulations, eminent domain laws, corruption sometimes, different types of property taxes and becomes challenging even if your duel citizen.

Quote from @Peter WaltherWe are a community property state. 

Are there property management companies out there that also offers bookkeeping services to the landlords?

The financing was secured by another property but now I’m trying to pull equity out of the mobile home property to free up equity in my duplex for future deals. 

Finding a solid property management team is crucial, especially when managing from out of state.Having everything you need under one roof can really make a difference.

Key Principles:Mindset and Goals:Think Long-Term: Real estate is a long term play in most cases Set Clear Goals: Define your financial goals and how real estate fits into your overall plan.Finding the Right Property:Location, Location, Location: Invest in areas with strong economic fundamentals, good schools, and low crime rates.Cash Flow is King: Look for properties that generate positive cash flow (rental income exceeds expenses).Consider Appreciation: While cash flow is primary, also consider properties in areas with potential for long-term appreciation.Financing:Get Pre-Approved: Get pre-approved for a mortgage before you start looking at properties.Leverage Wisely: Use leverage (debt) to your advantage, but don't overextend yourself.Consider Creative Financing: Explore options like seller financing or partnerships.Building Your Team:Real Estate Agent: Find an experienced agent who specializes in investment properties.Property Manager: Consider hiring a property manager to handle day-to-day operations.Accountant: An accountant can help you with tax planning and financial management.Attorney: Consult an attorney for legal advice and contract reviews.Managing Your Investment:Maintain the Property: Keep your property in good condition to attract and retain quality tenants.Screen Tenants Carefully: Conduct thorough background checks on potential tenants.Review Your Finances Regularly: Track your income and expenses and make adjustments as needed.Example Action Steps:Set Your Goals: Define your financial goals and how real estate will help you achieve them.Educate Yourself: Read books and articles about real estate investing.

I would be very hesitant to buy a condo as a rental property.