The part that's hardest for me with remote properties is showing the units, but you'll find that you can pay someone to either handle the tenant acquisition process (about $250).

I HIGHLY recommend paying for a CFO audit & having them set you up first. 

It increases the liability risk, it increases wear-and-tear, the tenant is using your property to produce an income, the extra traffic could impact their community, they may be operating in violation of the law, and more.If I caught someone doing that, I send them an immediate cease-and-desist.

When factoring in additional costs such as maintenance, property management fees (if you do not opt for a property manager, and you should), and potential vacancy periods, the financial burden could increase.Check this out: If you're breaking even on rent at $1,600, any additional expenses or vacancies directly impact your pocket and mental health.

The potential in the Bay Area or other coastal markets is massive, but we have seen the risk is also high and the consistency for the average investor can be low.

Hey @Crystal Kennedy, To help you in your search: be sure to find an accountant that is willing to grow with you, and is not too high priced fee wise.

Hard money lenders will either lend up to 85% on the loan to cost (acquisition and rehab), or 70% of the ARV (after repair value).

For example:$500k acquisition cost.

If interest rates do not go down in several years, will that have any impact?

Cost of construction is high and you may be paying extra to match 2024 building codes rather than a remodel/addition.