Long story short.. they inflated rent projections, sliced corners on property management, and almost left him holding the bag when the actual numbers came in.Vetting a syndicate means getting cozy with the sponsor’s track record, verifying their underwriting approach, and understanding whether they’ve handled rough waters before.

I have not been a fan of the larger property management companies who heavily market without a focus on the local markets they handle.

Just hope my wife and I can handle this.

I also added one other habitat which I am very excited about, but have not started to implement yet...I would like to do it once a day, but I think I will start out with a once-a-week video journal entry!

To Chris' point, you can find lower options if you handle some of the management responsibilities.

MF with many garages to convert to ADUs, parcel splits, full on development, coop/tic with the resources to handle financing challenges, etc.To raise money in this market as a newby will also be challenging unless you can get it from friends and family.

I would still be buying more SFH but 5 years ago the entry was about $100K.

Repaying this shouldn't be a problem assuming I don't suddenly lose my job.I am thinking about starting off in some class C neighborhoods and will be handling everything remotely.

(Or maybe its just better to look at residential with the capital I have for my 1st entry into real estate )Any advice is greatly appreciated <3-Alex

Charge Rent - $1,699.00 ($612.40) 4/28/2020 Unpaid Invoice Fee RODGERS-- JWB Property Management Journal Entry Unpaid Invoice Fee - Unpaid Invoice Fee ($22.29) ($2,311.40) 4/26/2020 ACH ORAM-2910BROUGHAM- JEA Bill Utilities-02/19/20 - 03/11/20 ($31.49) ($2,289.11) 4/25/2020 Check 4.25.20ALL ORAM-2910BROUGHAM- JWB Property Mgmt Bill Management Fees- ($115.10) ($2,257.62) 4/21/2020 ACH ORAM-2910BROUGHAM- BVD Septic LLC.