Stitch me up
GeneralVacancy
joined 11 months ago
Stitch me up
Great post. I've followed a similar path. I became an expert in a specific area of a large industry and went out on my own.
YMMV, but I try to put myself in the shoes of my target customer, start with a pain point (that I can address), and then provide enough info to make it apparent that I can be of use to them.
This has been my strategy thus far and it's working out okay.
Unless you can get it at a 30%+ discount to comps, I wouldn't buy right now.
If you do, I would manage it yourself. Use Google/Craigslist/etc. for determining market rents.
See if you can get the seller to finance or assume their loan if they have a good fixed rate (assuming you're not paying cash).
Read, read, read and come up with your investment plan. I'd recommend Bigger Pockets pod and community.
Good luck!