We focus on customer service, sales and overall personality when hiring for leasing and assistant manager positions and haven't really made a decision based on PM software experience.

In our previous example of $4k net monthly income the disbursement would be as follows: $4,000 Net income$1388 principal loan repayment to majority partner $1305 (50% of $2612) to majority partner$652 (25% of $1305) to each minority partnerAs your parents, they might not require or care about the same rate of return, or a return at all (except the equity position) especially if they're planning on utilizing the property for personal time.

I opened a new host account to handle guest interactions myself, hired a local handyman for emergencies, and found a cleaning person who could also act as my eyes and ears for any required handyman services.

If they owed $200k they’d still have to personally buy at least $500k.

Hi Kenny-Great question about whether you should put a house you plan to live in and rent out parts to others in an LLC.Certainly putting it in an LLC would help with asset protection and limiting personal liability.However, you may lose the ability to claim the part of the house you live in as homesteaded tax rather than the higher non-homestead investment property tax for the entire property in an LLC.

I'm single and I  bought my 2 bed 2 1/2 bath townhouse as a primary home with no thoughts of REI.

… heck ya… but I was more scared of being stuck in the same place and losing money on this new rental I just launched, I was a 100% newbie)I personally came into the mentorship program just to learn how to get travel nurses in my rentals (at the time it was my 1st rental property) . 

@Zhen Yuango look in person. 

If you can't keep control of your personal finances, you are highly unlikely to succeed in real estate investing.

Personally, I've been in the mobile home investing space since 2007 without going the section 8 route.