You can focus on the mechanics of capital raising, the legal set up, good customer service, that's what I did when I got started nearly 22 years ago.

I also tried setting up more conventional management services for rent collection and got a huge amount of pushback that the tenants didn’t know the App and didn’t want to put personal information or bank account/credit cards into some App they’d never heard of.

We have been churning out a lot of bad clients the last 18 months.

I'm weighing the options between renting to a Section 8 tenant or a traditional renter.My goal is to rent the property for $1,100 to $1,200 per month.

My search for this property was a little over 9 months of pretty extensive area research with boots on the ground.

This deal is based off a real tax deed auction property in FL:1912 Sq ft 3/2 SFH in Bay County- ARV: $415,101- Estimated Monthly Rent $2,984- based off 6 comps within a 1 Mi radius.- Adjusted Purchase Price/ Max Bid: $210,840.80- I start with the 1% rule (thus why I start the analysis by looking at rent) and then adjust the price based on the potential pay-out from a cash-out refi and equity position on the property- more on this in a second. - Potential Investor payout (15%): $242,466 - Rehab total: $76,480.00- I just used $40/ sqft for an estimate.

On our second deal, we brought on another partner, to help with down payment and balance sheet.Thank God, because when we signed our next deal six months later, our partner was instrumental in helping us with the loan.

You can rent that out as well on months your not there and ultimately refinance down the road to pull cash out and transition into a full time LTR or short term rental VRBO to make more money.

I just bought 6 within the last 3 months from a wholesaler.

Meets about 1-2x per month.