With hardwork and ceasing opportunities we've managed to be part of this major asset and making it even better.

And Point of Sale, don't even get me started on that Communist BS. 

Even with a property manager taking a percentage, you’d still see a return, and it might save you a lot of stress managing the property from out of state.

@Chris Seveney even better results can be obtained with a Solo401k , if eligible.

For purchase price, use this formula,  (Arv * .70%)- Rehab = Purchase Price Good evening Dustin, I went onto the webpage for Arizona association of Realtors and I found the agreement for 2024, however I am not licensed so I do not have access to download the contract.

I'm not even sure how salary got introduced into this scenario but I'd prefer to discuss solutions and explore ways to get to the objective. 

@Vince Scipione  This is very solid advice to keep it separate and I agree with you, the only reason I was even thinking of it was to help me raise the initial funds for my first investment.

In fact, even with my extensive experience, I choose to have all my properties professionally managed.Here's why:Tenant Selection Is CriticalThe most valuable service a property manager provides is selecting reliable tenants.

@Robert Gorra - I've had a similar experience where I've had a really hard time with getting GC's to even give me an estimate, and the few that have have been way overpriced (ie, they want me to put in $20k of cabinets in a budget flip) or have had their prices go up by about 40% and still not give me a firm price when I try to nail down the scope of work.

This would be an easy decision however I do not think you can come close even with you being active in the process.