Once you locate an area, dig into the average nightly rate, create a spreadsheet that calculates average occupancy (AirDNA can provide this) along with average nightly rate and begin plugging in properties & expenses in your target area to see if these align with your goals.

You're in a great place to learn about various strategies and get connected with other professionals 📈

You also need a tax professional on the project to make certain you obtain every possible, available benefit from the certification.

It is pretty straight forward - I would provide the sourcing, the loan vehicle (it would be my primary mortgage loan), and the property management while my sibling would bring the downpayment.

The utility provider never contacted me about it so I didn’t know until they got evicted.

But I look at it the other way: be sure that your 100% recap is actually available and provides adequate cash flow to maintain the property going forward.

Use professionals. 

I became interested in real estate in fall 2023.As of early 2024, I don't have direct real estate experience, but I'm excited to learn from seasoned professionals and successful investors.My long-term goal is to be a buy-and-hold investor of multiple properties and to set myself up for a wonderful retirement.Let's connect!

., because I don't need all the extra services they provide; I just need an accounting service specifically for PM.

If you don't mind providing some data for me to reference I'd appreciate it, but understand if you want to keep some or all personal--namely I'd be interested in approximate location, bd/ba count of your property and the rent % increase (or if you're comfortable sharing actual prices) implemented between your last tenant and current one.