Educate yourself on the local market, network with other investors and agents, and always have a solid plan in place before making any investments.

@Emma Whear I might suggest you talk to a local real estate attorney (or another owner of a similar property) to make sure you prepare yourself if/when the City's blind eye starts being able to see ;-)

I wonder if your local MLS provider has a list of MLS_only brokers in their system?

Suzanne, This is impressive - love to see deals being made in my local market.

You give up some upside when sitting out a bit, but you save yourself for another battle down the line. seems like you can make things work by investing in local markets, so don't chase the paper dreams of long distance markets just yet. 

I’d highly recommend speaking with a CPA who understands both states’ tax laws to optimize your structure.If you need any local insights on property management or investment strategies in Oregon, feel free to reach out.

- Controlling costs for payroll processing, unemployment charges, workman's comp and liability insurance- Coordinating ServiceTech & tenant schedules for appointments--- There are several industry vendors that focus on just this!

I'm in Northeast Ohio where the cost of living is lower than most of the country, but my CPA charges us $400 a year (I'm down to 2 properties now).Even if you decide to handle them yourself this year, go to your local REI meetup and find out who investors around you are using.

This is a revision of my old post on this timely topic. Timely because January 31st is the deadline.

Sending 1099-NEC (formerly 1099-MISC) to contractors and vendors

2024 update: While not directly related...

Hey Gabe, If you are looking to finance 5+ MFH you may want to consider Fannie/Freddie financing if the loan amount is above $1mil or going with a local commercial bank loan below that minimum loan amount.