@Brian Glasser is a solid agent/project manager in KC and has done dozens of BRRRS himself there.  

5unit is probably manageable.  20 unit is work I would think. 

Keep systems in place for managing documents and contracts.6.

It’s the simplest way to get a feel of what it is like to be a landlord without going through the hassle of managing rehab projects.

Self managed HOAs are usually undercapitalized so you want to take a thorough review of the condition of the community to make sure there isn’t deferred maintenance because you might get hit with a special assessment if the board isn’t setting aside cash for those capital improvements.At face value, taking into consideration my typical financial objectives, I wouldn’t do this deal unless it was a much lower price.

The more deals you’re part of, the more you learn about:✅ Structuring deals✅ Managing risk✅ Negotiating with partners✅ Handling financingTaking part of a good deal helps you build real-world experience that will pay off big in the future when you do bigger and better deals.3.

I've managed a number of successful rehabs and put a lot of sweat into them as well.

Even if you create a non-CA LLC, if you are managing the business from California, you will likely be deemed to be "doing business" in California and therefore likely subject to CA taxes.

Feel confident turning over management.

As a property management company in Washington, we help owners navigate these challenges and optimize profitability if they want assistance analyzing their property or planning future strategies.