We bought a property out of state and that was extremely difficult to manage even with family and friends that were local and could help.As a property manager, we had an investor bring us 50 properties that he was self-managing.

If you want true asset protection, hire a property manager and make sure your attorney reviews that contract and get proper insurance. 

With that level of capital you could acquire & manage the assets & tax issues without the restrictions of the REIT structure.

Your local apartment owner association is a great resource for best practices for management and screening tenants.

I’ve looked up any floor materials like those connectable floor mats and thick rugs.

I was just working on a referral program to help us get acquire new property management clients.

I do however feel this is perfect for flipping, and paying for the repairs/materials.

In addition to the rates, material and labor cost remain very high.

i don’t mind buying my own materials if it would save me some cash. having a hard time deciding who to do my home improvements. good help is hard to come by these day, especially being new. the price increases doesn’t help as well. as much as i want to diy, i don’t want to mess anything up & still have to call for help!

I am wondering if I can go directly to property management companies and buy HOA liens?