Calculate the expected cash flow after accounting for mortgage payments, property taxes, insurance, maintenance, vacancies, property management, and other expenses.

To assist you in your investment endeavors, assemble a team of experts that includes contractors, bankers, attorneys, property managers, and real estate brokers.

Hello,I have an LLC, created specifically to manage rental property and I am currently creating account in mySmartMove.

Here's a list to give you an idea:Startup Costs:Down PaymentClosing CostsProperty InspectionAppraisal FeeProperty InsuranceInitial Repairs and RenovationsEmergency FundOngoing Expenses:Mortgage PaymentsProperty TaxesUtilitiesProperty Management FeesInsurance PremiumsMaintenance and RepairsVacancy CostsProperty DepreciationLegal and Accounting FeesRemember that these costs can vary based on factors like location, property type, and personal preferences.

We've been managing both types of rentals for the past 5 years.

Do you have any experience with building or project managing a new build?

I plan on using a property management company in order to keep the property in order until I move (eventually I want to bring property managers under my own business entity to focus only on my properties). 

When I buy out of state I want to work with a company that owns the entire process from top to bottom as in they use their own money to purchase the home, renovate it, sell to an investor then manage for them as well on the back end.

In a world where the only constant is change, the realms of real estate, property management, and construction stand as testaments to this truth.

Educate yourself on the local market, network with other investors and agents, and always have a solid plan in place before making any investments.Also, I recommend reading “Long-Distance Real Estate Investing: How to Buy, Rehab, and Manage Out-of-State Rental Properties” - I found it to be very helpful when I got started investing 2.5 years ago.