There are pros & cons: little to no effort on my part, little to no control on my part, the location is mostly irrelevant (I have investments in 9 states), you need to be sophisticated (knowledgeable), you have to get access to folks that are creating deal (folks that you develop a trust relationship with!).

You can raise rent once every 12 months, but there are limitations, especially if the building is rent controlled.

@Nick Rutkowski Ok, I hear you, but I'm nowhere near the point of having the money to invest in something like that, and I want to get out of my parent's house.

It’ll be my first time talking to him, but my parents know him.

If you're self managing it'll make things easier to control.

Home owner was never married, no children and parents are deceased.

Oh, keep listening to yourself and not your parents, friends, or anyone who tells you “you can’t do it!”

I am about to close on a property contingent upon inspection and according to the disclosures “NW corner of property was regraded to control water”.I have not seen property as I am out of state but will see through video this week during inspection.This term is new to me as I tend to buy newer properties.What would be your concerns about this property?

Also on top of that an idea that I had for that was me moving out of my parents house and into a home that has equity, live in it for about a year, fix it up and possibly take out that equity and put it into our first actual investment home under the company’s name.

I think $625 a year is fine.I use AT ONCE Termite and Pest Control I think they might be little expensive than $625, but I like their service.