I am looking to connect with the investors there as the promotors are continuing to take Asset Management fees to the tune of $450K a year (on top of PM fees) even when their payout to the investors is around $20K a quarter (not meeting preferred) and the overall fund is negative about $450K.

Connect with local agents, and property managers to access off-market deals and get insights on strong rental areas.Good luck!

Not a rookie - While I have never purchased a home without an agent, I have purchased two homes in the last fifteen years in Denver and, at some point, managed both with some form of rental income, plus helping my mom manage the independent basement apartment in her home.

For owner managed properties like this we see expense ratios in the 35%+ range. 

But generally speaking the training business is just like any other small to mid size corporation.. you only have one owner or CEO and they manage folks under them..

Not overpaying and getting great terms 3. multiple bids/ quotes 4. project management. 

Spending a ton on property management doesn't seem like the best move.

The other 10% are scammers, or have mental issues, or have perpetual money problems, or are career criminals, or psychopaths, or have massive entitlement issues, lack anger management, or are spousal abusers, or can’t hold a job, or don’t want to work, etc.  

Reach out to a LOCAL property manager that knows the rental market BEFORE you go under contract! 

Your property management company can help once you own the property but up until then you need someone good on your side!!!