These steps are learning, looking at the market, getting your money ready, picking your plan, getting a team, finding a place, checking it out, making an offer, and handling your investment.

If you plan to be more active and scrappy in your investing, there's always a way to make money.

She or he is themselves an entrepreneur, perhaps their exit plan is to get the business up and running, and then sell it somewhere in that 5-10 year window. 

I am planning on mainly looking for properties in Maryland and in Florida.Excited to be here!

Basically an informal audit of ones portfolio.This could be as simple as creating a few benchmarks (specific ratio of expenses, total PM fee ratios, vacancy rates and duration,etc)As much as one could assume they have a well oiled portfolio, an outside investor could find areas of improvement.

Despite these challenges, the successful sale at $294,000 highlighted the value of strategic planning, effective project management, and strong partnerships in maximizing profitability in real estate investments with Partner Driven.

My plan is to have a nest egg of money for each property in case things go wrong- long period of vacancy, roof/water heater/furnace replacement.

Consider all revenue and expenses and calculate best and worst case scenario.

I'm looking to purchase my first short term rental in an expensive market and was wondering about how many people are able to manage their own properties even potentially clean, fix them.

If you're planning to hold this rental for long time replacement is your best course of action.