The only problem was that I couldn't buy it in my own name (a complicated story, but there was no way for the underwriter to write for the property to be put in my name as the buyer) so i created an LLC with my father and I as managing members and got the funding for it through a hard money lender.

Following David Green's Core 4 strategy (realtor, contractor, property manager, and lender) gives confidence to invest anywhere.

***NOTE: I would not recommend this if you have a large portfolio, do not live within proximity of your rentals, drive an expensive car, or doesn't want to actively manage properties.The main idea here is to not list your personal addresses on public documents (i.e.

Managing the rehab budget, need to get better at it as inflation continue to rise and labor and materials continue to increase

From my good friend that manages more than 20 Airbnb's in PHX over the last 8 years:She has seen a direct correlation to Beds/heads:bathroom to chances of place being "well worn" when they leave.  

Andrew - I think you've accounted for a majority of your costs, but just a few others to consider include: vacancy factor (typically 5%), turn/over or releasing expenses, and property management fees (7-10%)  - whether you pay someone else or do that yourself you might want to include in your calculation.

You can tap into the extensive networks of property managers, attorneys, and insurance agents to get them.

Attend real estate investment seminars, workshops, or meetups to expand your network and learn from experienced investors.Risk Management: Real estate investing comes with inherent risks, so it's essential to manage risks effectively by conducting due diligence, having contingency plans, and being prepared for unexpected challenges.I hope it helps :)

I am wanting to spend the next 1-2 years managing someone's security deposit flow for free in order to learn about the current state of affairs. 

Use Furnished Finder to study comps, and talk to some local property managers to see if they can help you get an idea.Once you have the gross income potential number, take that and back out all of your expenses.