TYI still know property managers who swear by them.

Even help with after you get your property with calls that help you manage the property manager!!

Here's the deal:Purchase Price (PP): $95kRenovation Budget (via HML): $60kTotal All-In Cost: $155kARV (After Repair Value): Around $200kRefinance (via DSCR Loan): 7% interest, 30-year fixedRefinance Details: After the refi, I will pay back the Hard Money Loan (HML) at 11.95% with 3 points:HML: $60,000Interest/fees: $3,585Other costs: $1,800Total to pay back HML: $65,385After the refi, I will have $84,615 left in cash.Cash Flow & Expenses:Expected Rent Income: $1,700/monthProperty Management (PM): $126/monthInsurance: $100/monthTaxes: $126/monthMortgage: $1,043.75/monthTotal Expenses: $1,395.75/monthSo my monthly cash flow is about:$1,700 - $1,395.75 = $304.25/month in cash flow.Return on Investment:Cash Invested After Refi: About $18,385 (after paying off HML and closing costs).Annual Cash Flow: $304.25 * 12 = $3,651Cash-on-Cash Return (CoC): $3,651 / $18,385 = 19.8%I didn’t account for maintenance costs since it’s a full gut rehab, and everything is brand new.

If you do decide to keep the rentals, let me know if you need any property management company recs!

We recently started a Co-Hosting business and are managing for one other person.

Managing remotely works until it doesn't.

Hey all,I’ve been diving into options for software to help streamline real estate rehab and construction project management.

If you're a relatively new multifamily operator, you'll likely be required to hire a professional management company (inexperienced owners are typically not allowed to self manage the assets).

On paper, a restaurant manager with a 740, may appear stable, but is it more stable than say a medical tech in healthcare with a 640, with less or equal time on their jobs?

I am invested in a small multi family in TX and the management was not able to fill the property and do repairs and the income has dwindled badly.