Lessons learned?

I hope to expand my network and learn as much as possible here.

@Logan Guerrero one of the challenges with maintenance is owners not having funds.So, we've learned to prioritize maintenance issues:1) Health & safety issues2) City & S8 inspection issues3) Property preservation4) Direct marketing issues (purple walls)5) Miscellaneous

Well it was on the foreclosure website so i didnt know it was foreclosed on from the HOA association until after. lots of lessons learned here

I've learned the key is to truly help people and not focus on a dollar amount.

Be genuine, respectful, and open to learning from others' experiences.By actively networking and engaging with the real estate community in your area, you'll have the opportunity to learn, grow, and build valuable relationships that can support you in your real estate investing journey.

I'm am just learning real estate and working towards my first deal, so I have no idea what kind or cost or headache it takes to split the parcel.Based on Robert's comment, it would seem that the building may appraise higher on their own individual parcel than on the single group parcel

After thinking on it a bit more, I am going to look into the feasibility of a rent by room strategy to increase the cash flow and speak with some lenders to learn more details about what I'd need to provide to be able to consider these rents in my DTI calculation when I am qualifying for the next mortgage.

@Dawn Brenengen @Fred Heller Thanks once again this forum has been a good learning tool.

Hi All,  My wife and I are just starting our journey into rental property ownership and look forward to learning from you all on our way.By way of introduction, we are empty nesters with 2 adult kids in NW Wisconsin.Best Regards, Tracy