Always try to double the project budget & time to prepare for the worst.Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?

Always be prepared to walk away.For some this is too much, for others this is just part of the game.

Initially signed up for property management for few months before I'm mentally prepared to start self-managing.

Right now, I am reading everything I can and preparing for my next research trip to North Carolina.

What actions are some taking to prepare for change in the upcoming months?

Builders and developers are increasingly turning to leasing as an alternative when they cannot sell homes at their desired price points.To succeed in this market, sellers need to be realistic about pricing and be prepared to make concessions.

None of those things prepared me for what I faced in managing D-class properties.

I just listed it up on airbnb and have had 5 requests to book already - given 3 were for last weekend and I was not prepared for that, so denied all of them and set a 7 day advance notice.

As long as you are prepared to spend $10-20 per square foot to furnish (depending on how high end you want to go), then a $500 dumpster rental and a Facebook marketplace listing solve your problem.

If not, don't worry about it.Early terminations are super easy and profitable, if you are prepared.