Next question.... will you self-manage it, or turn it over to a professional management company, or some type of hybrid? 

I do construction management for investors and I usually find them good contractors at good prices. 

I think it would be beneficial to set up your own management company to manage your assets.

I have 1000 sqft so $250k.if I have no GC and manage all the subcontractors I will not have a Rolodex so have to find subcontractors and I’m sure there are a million other complexities.

@Steven Wetherillwhat about property management?

The place where you can add value with no money is a situation like: you find project A, it is a 120k purchase and it should need 80k rehab but you can get rehab done for 65k cause you can do some of the work and you know how to save on materials and you can manage the rehab. 

Try interviewing at least three managers.1.

I manage quite a few properties in those markets.

Joking aside, we do believe Lima is a great market to invest in, and we will continue to grow here in both units we own and units we manage!

The state will get its pound of flesh and my liabilities were better managed by executing perfect permitted work and excellent insurance.I'd sincerely recommend having a savvy CPA, Lawyer & Insurance broker.