I detest the ESA law because it essentially wrests control of property management from the owners.

@Chasen Brown, You can for sure piece together a property management company but it is a lot of work quality control checking everything.

You can't control the future and it's good to dip your feet into a deal, learn about commercial real estate investments, and continue to optimize for future deals.

My parents bought their silly little suburban mpls home 25 years ago for $25k.

I had spoke to a friend on the phone on a Friday night who told me about his parents having this property under contract but it fell through so he asked if I would be interested in it so I went and looked at it.

This tenant pays his rent 1 or 2 days late every month, but I want him out because he swears at my wife for no reason, threatens to sue us because we told him he had to pay a late charge during the COVID period, threatened to sue us because he had roaches in his apartment and not one tenant in the entire 28-unit building ever had roaches and he threatened us after we personally never say roaches in his apartment and threatened us after we had his apartment treated by a professional pest control company.

We're interested in out-of-state b/c we currently live in a HCOL area, but want to get started ASAP, which means looking at more affordable markets to start gaining experience.We however consulted our financial advisor a couple times, and have received push back on doing out-of-state real investing for a variety of reasons, including 1) we are currently renting in a HCOL and are saving up for our primary residence buy which is in another HCOL area (LA as want to be closer to our parents when we consider having kids, so this is a bit non-negotiable), which we aim to have enough funds for by end of 2024, 2) we have a fair amount of student debt that we want to aggressively pay off once loan payment freeze ends in 2022.Wanted to share our situation with the forums here and get some feedback.

These areas are not in the City limits but the City that plans on expanding to that area does have a certain amount of control over what is allowed to be built as most have a future zoning map in place. 

I agree on including a bigger budget for some expenses we can't control along with keeping reserves during the rehab.

This would decrease gas bill.We could also add more insulation and possibly put in Honeywell app. controlled thermostats.Next, the lakefront unit will now be unoccupied d/t the owner is living here.