Commercial property can take a considerably longer to fill a vacancy.  

--Feel free to share your own thoughts and considerations when you're looking for assistance from a PML!

@Hannah Meyer the one consideration not said yet I would point out, is if you thought you might want to manage other people's rentals in a few years but not now, you need to wait 24 months after getting your agent's license to get your broker's license.

Plan your renovation timeline to list properties during peak buying months - also take into consideration that snow and rain will affect your rehab.Another way that you will want to take climate into account is  that given the cold winters, energy-efficient improvements like insulation and modern HVAC systems can be attractive to buyers.

Financing considerations include leverage, tax benefits, and property management fees.Good luck!

So for instance for our lead organization & management, I clean the lists up in google sheets and then download as a .CSV file and upload into Airtable (google sheets on steroids) where its easier and cleaner to manage.I use Airtable to manage our raw leads data - I have a trigger set up, that whenever we change the status to "qualified", that lead will go into our CRM (Salesmate.io) where we track our contacts and deals.

Some investors buy in their name and transfer properties to an LLC later, though this may trigger due-on-sale clauses.

And then you have tax considerations.

Equity and Cash Flow Considerations: Old House (1960, near payoff): With $100k in equity and only $38k left on the mortgage, you’re close to owning it outright.

As a property owner you have considerably more safeguards in place with a triple net lease where a management company has skin in the game vs a simple rental agreement.