@Kris Lou Many factors go into PMC pricing:1) Locality (city/state)2) Neighborhood & Property Class (time to manage Class A < Class B < Class C < Class D)3) Property condition (slumlord properties hard to manage)4) Number of units (some economies of scale, but not as much as owners think)5) Owner expectations (some owners really want a personal assistant!)

Start by networking with local investors, identifying target neighborhoods, running numbers on potential deals, and lining up financing so you're ready to act when the right opportunity comes up!

They hold title, and the mortgage and promissory note were attorney drafted and filed at our local county. 

hi Heidi, I’m a local investor looking to buy in Pomona California, this fits my buy box.

I also did a local renovation in 2022 bringing it up code.

The wait-list becomes a longer wait-list until states and localities allow them.If the trend for 2025 will be more ADUs as stated in On The Market podcast.

I am local to Los Angeles - based in Orange County.A bit about me: I’m a civil engineer by profession with experience in local government.

So going to attempt something more local first. :)We definitely want to invest in true vacation rentals as well but this will be a good learning process with not as much risk to start.  

Read as much material as possible and go to some local RE meet ups.

Investing in Wisconsin and Illinois is a great move—both states offer solid opportunities for multifamily and single-family rentals.If you’re looking to connect with like-minded investors or agents, I’d recommend joining local real estate meetups or REIA groups in the areas you’re targeting.