They don't build a proper reserve, failing to account for turnover costs, vacancies, capex, etc.

With proper planning, this can be a great investment!

There are minor functional advantages - such as cheaper closing costs due to not having to perform bank required steps.  

The fact that a tenant is complaining online might be an indication the property manager dealt with them properly so be sure to ask the manager for their side of the story.7.

Thanks James for the proper terminology.

For that reason I built a full-functioning cash flow model taking into account hard money, the mortgage refinance and all relevant operating expenses to assess monthly cash flow.

Connect with local investors and experts for a house-hacking strategy and ensure proper permits for rental properties.Good luck!

@Anish KoshyThere is a lot of information out there on how to do your proper due diligence on a syndication, including the sponsor.

If you decide to self manage and want help with other functions we can totally help out.We also buy and sell real estate (candor realty), have a repair and maintenance company (CMR Construction) (includes snow plowing, lead abatement and full fledged rehabs) If you need any of those support services please let us know.

Make sure you are properly screening your leads the same as you would for long term renters.