You'll want to make sure your tenants can comfortably afford the rent—usually, their monthly income should be about three times the rent.

We know all the gurus tell us that we do, right before they pitch us their course or services, but is that just them diversifying their income?

If you property has been your primary residence and it's been less than 24 months, you may decide to hold off until you’ve reached that threshold to avoid capital gains tax (unless you are okay with opting for 1031 exchange or doing QOZ Fund)If you still decide to sell your property within 2 years, try to stretch your ownership out to at least 12 months, or your profit will be taxed as ordinary income.

Here are some considerations and tips to help you make the most of your turnkey investment strategy:Pros of Turnkey Properties:Ready for Rental: After refurbishment, turnkey homes are usually ready for occupancy right away, saving you the time and hassle of doing repairs and improvements.Professional Management: A lot of turnkey companies provide property management services, taking care of tenant selection, rent collecting, upkeep, and other daily tasks on your behalf.Passive Income: Investing in a turnkey property allows you to immediately begin earning rental income without having to take on major maintenance or remodeling tasks.Tips for Investing in Turnkey Properties:Take some time investigating turnkey suppliers in-depth and select reliable businesses who have a proven track record of effective property management and satisfied clients.Make sure you have done your research about the property, its surroundings, the nature of the rental market, and its potential for long-term income flow.Analyze the financials of the turnkey property.Even though turnkey homes can generate rental revenue right now, think about your long-term investing objectives and plan.

Furthermore, I'll happily introduce you to STR management companies in Atlanta if you're interested, but as we all know, this will cut your monthly income. 

Whereas any income you get from lending your money would be taxed as ordinary income. 

If you can subsidize it with your W2 income for that long, it might be worth it for you.

Going full-time into real estate, especially with a family, is a big step, but starting small with smaller investments and side hustles while keeping your steady income is a smart way to go.

Build and nurture as many relationships as possible so you can use the commission/extra income from these deals to put towards your next investment property!

Income, and solid foundation for future investments Lessons learned?