About 3 - 4 years ago, I turned my passion for real estate into a career and last year started my own Property Management company.

Seeing you are new to real estate, get a foundation from others in your area and see what works and what does not work. 

I'd recommend owner occupied 2-3 flat for your first one.

I have about 30+ of our own doors in 3 states and we develop our own deals and provide consulting nationwide on development projects.

Capex- talk with your tax person.  

Hi Jalen,If you're considering expanding your rental property portfolio in the Indianapolis area while steering clear of rough neighborhoods, here are a few options you might want to explore:Carmel: Just north of Indianapolis, Carmel is known for its affluent community and excellent schools.

Hi Michael.There is a lot I can say to your post! 

This can reduce labor costs, but be mindful of the time commitment.Leverage Economies of Scale: If you're working on multiple flips or rehabs, bundling similar tasks or projects together can help reduce costs by hiring one contractor or vendor for multiple jobs.Prioritize High-Impact Repairs: Focus on renovations that add the most value, such as kitchen or bathroom upgrades, while avoiding over-improving areas that won't significantly increase the property's resale value.By combining these strategies, you can manage rising costs while maximizing your potential returns on fix-and-flip projects.Kind regards,

It's just best if you do everything on your own with your own money.

I'd love to learn more about you and what you and your partner are looking for!