Purchase price: $275,000 Cash invested: $45,000 Sale price: $410,000 Contributors: Adam Schooley This townhouse, which had gone through probate, suffered from significant water damage to the drywall and required updates throughout.

@Andreas Mathews admirable, but make sure you do some research so you understand what a PM can make.Starting your own PMC business will require 75-150 doors to make a decent living, depending on gross rents and your fee structre.Working for a SFR PMC as a PM, will require a RE license and you usually get paid a percentage of the gross rents the portfolio of owners/properties you manage generates.

The vacation side is more of a business and requires a lot more work but the affordable housing side is less labor intensive. 

Now more than ever, I am seeing offers required to be submitted through a portal where the listing agents want no business being involved with up front negotiations.

It's definitely possible to get a loan as a foreigner but the rates will be high(er) and the downpayment required will be as well.

The PM business is not an easy business and most have fair fees for the work that's required.  

But balance is key—keeping some cash reserves for unexpected expenses is critical.Lastly, I’d recommend running detailed numbers to ensure the property cash flows well, even with conservative estimates.

A vacation rental could generate higher returns but requires more active management.

Hi Thu, I have not purchased any properties that require permitting yet.

Fix and Flip -Requires a minimum down payment of 10% with 100% of the rehab financed.