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Excellent board with lots of good ideas...

I am perhaps following the path that many have started out on, moving out of my current residence and converting it into a rental. This is a second residence I have had to keep in the city near my soon to be ending job; a condo in a 5 floor building that is about 65% rental properties. I have another set of friends doing the same thing.

Reading the posts so far have me a bit overwhelmed about the work and risk involved in renting the condo. If this works out, I would like to accumulate a few other condos in the building to rent, as I feel it is a pretty good building in a good location.

This will just be for a bit more cash on the side, not as a primary cash flow, but I certainly don't want to lose money or give it all away to a property management company, but I also don't know that I have the time to do it all myself.

What suggestions do you experts have to get started? Thanks very much for your time. Also, anyone here with real estate investments in Delaware?
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