Your experience as a real estate agent, coupled with your technical expertise, makes you a strong asset to the local investment community.Your “live and flip” strategy and focus on PML partnerships sound like a smart approach to building your portfolio.

My biggest piece of advice would be to find someone who is in the position you would want to be in 10, 15, or 20 years and meet for coffee.

Good luck, and feel free to reach out for more advice!

It may sound nice to pay a 6% management fee but the extra fees can add up to be more than the other company that charges 10% with no additional fees.

@Rob Tara How long will the $1MM (you sound like a former bank with "MM") in rehab take to complete, a year?

Good advice. 

Sounds like I am in the right market for what I am looking for both personally and professionally.

With the equity you’d free up, paying off $50k in personal debt and boosting your credit score while freeing up $3k/month sounds like it could significantly lower your stress and open doors for future projects.That said, selling means you’d lose a cash-flowing asset, even if it’s not huge.

Readers are advised to seek professional advice.

Thank you for the advice.